Transatlantic Trade:The news: EU approves "open skies" agreement, liberalizing air travel between Europe and U.S.The word: Guy Adami says this will benefit Boeing (BA). European carriers are already putting in orders, and they will go to Boeing. The company always outperforms in the 3 months leading up to the June air show anyway, and Guy sees it going higher.
Cellar Dweller No More?:The news: KB Home (KBH) reports 84% plunge in earnings but beats Street estimates. The word: Karen Finerman sees a potential bottom in the price of homebuilding stocks, but not necessarily the homebuilders themselves. As for KB Home, it produced terrible earnings but its revenues actually weren't bad, she says, nor was its EPS. Cancellation rates were even down from 40 to 31, so while its earnings paint one picture, the rest of its financials paint another. Guy points out that KBH is getting down to 1x book value which is "historically compelling valuation." The worst isn't over, but he thinks it's getting close.
Twinkie Trade:The news: Alon Energy (ALJ), oil refiner and convenience store owner, surgues 6% on upgrade.The word: Eric Bolling thinks they're firing on all cylinders. Alon makes the most profitable gasoline in country and it has a very high profit margin on its Twinkie brand.Page 2 of 4 | Prev Page | Next Page