The headlines: Jones (JNY), And Other Apparel Makers Getting Squeezed As Department Stores Demand Lower Prices
The word: Jeff Macke says companies that sell to department stores are getting squeezed because of the consolidation in the deptarment store space. For example Macy's can demand lower prices because they now have greater leverage. Walk away from the retailers who sell to department stores, he adds.
THE "AGFLATION" TRADE:
The headline: Agco (AG) Earnings Spark a Rally Down on the Farm
The word: Eric Bolling says prices are going up because of bad weather. He says the companies in the fast Money “Ag Play” are at or near all time highs. (Just to remind the Fast Money Ag play is comprised of 4 companies Eric likes in the agricultural space. They are Monsanto (MON), Agrium (AGU), Deere (DE) and Bunge (BG).