Joe Terranova Burned By HES

By Craig Jones
Benzinga Staff Writer
May 11, 2010 7:49 PM

Symbols: HES

Posted in: CNBC, Long Ideas, Fast Money, Media, Trading Ideas

CNBC Fast Money's Joe Terranova recommended Hess Corp. (NYSE: HES) as a buy on April 6th, because he was bullish on oil. Hess Corp. (HES) is highly levered to the spot price of crude, and since the day he recommended this stock, HES has dropped 8.83%.

Joe Terranova still likes this stock. It closed today at $58.61, and Joe Terranova is still a buyer, but with a stop loss at $53.

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Joe Terranova Burned By HES

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