Eric likes Home Depot (HD), Chevron (CVX), and Foster Wheeler (FWLT) as hurricane plays because HD sells generators, plywood, mops and tarps; CVX has west coast refineries and FW would rebuild refineries at any price.
Jeff Macke says Home Depot benefits when the power goes out for 30 minutes, let alone in a catastrophe. He feels HD will be the go-to place for any summer storm.
Tim Strazzini says it’s hard to buy a stock routing for a hurricane. However Tim likes HD, for its management and new CEO.
Guy Adami recommends The Shaw Group (SGR) as a hurricane play. However the stock is up 80% since July, so Guy advises to wait for the company to report earnings on June 1st and if they miss, buy the stock on a dip.
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Trader disclosure: On May 17, 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 (GOOG), (JBLU), (IBM), (EDS), (WMT), (YHOO); Strazzini Is Short (GOOG) Bolling Owns Gold, Silver, Coffee, Sugar; Bolling Is Short S&P Futures; Bolling Is Short S&P Options