June 4th, 2008
CNBC Bonus Bucks Trivia: In “Is The Oil Rally Over?” (May 29) Joe Terranova told the Fast Money traders he’s playing oil by:
In “Is The Oil Rally Over?” (May 29) Joe Terranova told the Fast Money traders he’s playing oil by:
“I’m short Hess (HES) and I’m long Southwest Airlines (LUV), long the Canadian dollar and long one of the refiners,” he said.
In the models I use, Hess scores highly for earnings momentum and price momentum but poorly for free cash flow. Southwest Airlines gets high marks for earnings quality and free cash flow but scores low for return potential.
Disclosure: At the time of publication, William Trent has no financial position in the companies mentioned in this article.
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