And despite what you heard...not every real estate-related play is dead. Pending home sales fell this week to their lowest level in 4 years, yet makers of construction materials continue to thrive.
What's going on?
Eric Bolling says the building materials companies are doing well because there’s growth in other parts of the world. Eric tells investors to keep an eye on Cuba’s government. When it changes after Castro’s death, he thinks Florida Rock (FRK) and Cemex (CX) both stand to benefit.
Guy Adami adds that Johnson Controls stock climbed because of their commercial heating and cooling business. It does unbelievably well, and the margins are through the roof, he says.
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On May 4, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (JWN), Strazzini Owns (MPEL), (NWS-A), (YHOO) Bolling Owns (NMX), (DIS), (MPEL), Gold, Silver, S&P Futures, S&P Options, Nasdaq Futures, Nasdaq Options.
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