Market Overview

Fast Money Traders Share Their Thoughts On Miners, Ambarella, Viacom, Transport And HP

Related VALE
Jim Cramer Weighs In On Kraft Heinz, Stitch Fix, Vale And More
Podcast: Where To Invest To Ride Out The Stock Market Volatility
Vale nears new dividend policy after deleveraging, selling non-core assets (Seeking Alpha)
Related BHP
6 Cobalt Stocks To Watch Amid Reports Apple Is In The Market To Buy The Metal Directly
Benzinga's Top Upgrades, Downgrades For February 21, 2018

On CNBC's "Fast Money Halftime Report", Stephen Weiss spoke about the mining stocks, which traded sharply higher Friday.

Vale SA (ADR) (NYSE: VALE) spiked around 5 percent, BHP Billiton Limited (ADR) (NYSE: BHP) gained around 3 percent, while Rio Tinto plc (ADR) (NYSE: RIO) and Freeport-McMoRan Inc (NYSE: FCX) jumped around 3.5 percent and 1.5 percent respectively. Weiss explained that increased steel production in China has pushed the sector higher, but he added that iron ore is a volatile commodity and these stocks could reverse.

See Also: 12 Stocks Moving Following China Import News

Ambarella Inc (NASDAQ: AMBA) spiked more than 5 percent, but Josh Brown would stay away from it. He thinks the stock is still in a well defined downtrend and the chart looks terrible.

Erin Browne commented on the transportation stocks, which are trading close to their highs. She said transportation capacity is tight all over the sector and freight rates continue to move higher. Browne thinks these stocks are well positioned to continue to do well.

Viacom, Inc. (NASDAQ: VIAB) is trading around 7 percent higher and Joe Lebenthal thinks a possible takeover is the only reason to own the stock.

Sarat Sethi believes it's time to take profits in HP Inc (NYSE: HPQ), after the stock spike more than 7 percent Friday.

Posted-In: CNBC Erin Browne Joe Lebenthal Josh Brown Sarat Sethi Stephen WeissIntraday Update Media


Related Articles (BHP + AMBA)

View Comments and Join the Discussion!