×

No. 3 - Markets Shake Off Terror

Terrorism-related news almost always gives the market at least a momentary chill, yet this past week’s terror jitters in the U.K. didn’t seem to make much of a ripple across the U.S. markets. Have we become complacent in the face of terrorism, or does the lack of a credible threat to the homeland mean there’s no reason to stop buying?

The guys have some defensive trades in the case that terror fears abroad or at home could intensify as the summer progresses. Guy Adami is a buyer of DRS Technolgoies (DRS) and L3 Communications (LLL), two companies that specialize in security systems. Pete Najarian likes Force Protection (FRPT) which makes military vehicles that could replace the Humvee. And Eric Bolling recommends the defensive play Alliant Techsystems (ATK) an aerospace and defense products manufacturers that also provides ammunition to law enforcement.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On July 3rd 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 (DIS); Najarian Owns (DNDN), (ERIC), (HLT), (JNPR); Bolling Owns (DIS), (T), (XOM), Natural Gas, Corn