Do you still believe Monsanto is good stock in inflationary times?
The agriculture trade is alive and well, said Tim Seymour. Monsanto can work independent of domestic growth. It showed that in its earnings.
Jeff: Last week you were up on the airlines. With a pullback in oil today and all the airlines posting negatives, how do you feel now?
The whole group is just too hard to play. Even though they look like they’ve bottomed, Jeff said, the market conditions aren’t right for them to go higher.
Karen: I know you own American Eagle . At what price does it become cheap enough to you again that you would add more to your position?
AEO is a cash-rich company, Karen said. If the stock dips below $20 she sees that as a good point to buy more or initiate a purchase.
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Trader disclosure: On Feb.21, 2008, 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 (INTC), (YHOO); Seymour Owns (AAPL), (CSCO), (F), (MSFT), (S), (TSO), (SBUX), Seygem Asset Management Owns (CCJ), (TIE), (GAF) Seygem Asset Management Is Short (EEM); Finerman’s Firm is Short (IYR), (IJR), (SPY), (MDY), (IWM), (LEH) and Owns (LEH) Puts; Finerman’s Firm Owns (VLO), (TSO), (MSFT), (KSS), (JCP), (AAPL), (TSO), (VLO), (YHOO), (WMT), (MO), (AEO); Finerman Owns (GS); Dennis Gartman Owns (CIM), (COIN), (PRB), (SID), (PAL), (UNG), Gold, (UUP), (SWC), (HOV), (GWR), (GMO); Gartman is Short (SDS), (COH), (HOG), (RTH), (MMM), (GM), (DCR), (AAPL), (DRYS), CIBC; Gartman Index Owns Gold, the EUR, the Canadian Dollar, Sugar