No.1 - Fixer Upper?

Few stocks are more closely tied to the housing market than Home Depot (HD) and Lowe's (LOW). Therefore, it comes as little surprise that both stocks are down year-to-date as the rest of the market rallies.

Both retailers are set to report earnings in the next 6 trading days-with Home Depot out on Tuesday and Lowe's the following Monday. Analysts expect Home Depot to say that per-share earnings dropped 15%.

Considering the bullish sentiment in the market, are these stocks the classic fixer-upper or the proverbial a money pit?

Karen Finerman says she’s a Home Depot bull. She explains that sentiment is terrible and expectations are low which she thinks presents a buying opportunity. She adds HD has a great balance sheet that’s “way too under-leveraged.”

Guy Adami says he’s a little less bullish on Home Depot because they don’t have great exposure overseas.

Eric Bolling likes Home Depot as a hurricane play. He expects an active storm season.

Jeff Macke sees a lot of upside in Home Depot because of their new CEO.

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Trader disclosure: On May 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders

Bolling Owns (ICE), (NMX),Gold, Silver; Finerman and/or her Firm Owns (BBI), (KBR), (HD), (FLS), (CX), (ASD), (WMT), (TYC), (GS), (INWK); Finerman's Firm Is Short (HAL)