CNBC’s “Fast Money” traders share their trades for Monday, Feb. 2.
Tim Seymour said on the show that he was a buyer of ConocoPhillips (COP). He believes the stock has bottomed.
On Friday, ConocoPhillips printed a higher than average trading volume with the issue trading 10.52M shares, compared to the average volume of 8.97M. The stock began trading at $62.23 to finish the session 16c higher from the prior days close of $62.82. On an intraday basis it got as low as $61.15 and as high as $63.81.
COP shares are currently priced at 8.35x this year’s forecasted earnings, compared to the industry’s 10.00x earnings multiple. The company’s current year and next year EPS growth estimates stand at (72.50%) and 131.50% compared to the industry growth rates of (1.70%) and (16.60%), respectively. COP has a t-12 price/sales ratio of 1.39. EPS for the same period registers at $7.54.
COP’s shares have declined 9.94% in the last 4 weeks and 10.98% in the past three months. Over the past 5 trading sessions the stock has lost 2.58%. Shares of ConocoPhillips are down 8.80% this year.
The Houston, Texas-based oil producer, which is currently valued at $77.52B, has a median Wall Street price target of $75.00 with a high target of $92.00.
Brian Kelly believes that Lockheed Martin (LMT) is a buy. On Friday, the name printed a higher than average trading volume with the issue trading 2.29M shares, well ahead of its three month daily average volume of 1.28M. The stock began trading at $189.77 to finish the session more than 4 points lower to $188.37. On an intraday basis it got as low as $188.28 and as high as $190.96.
Lockheed Martin is a security and aerospace company headquartered in Bethesda, Maryland. Its stock is up 30.84% year-over-year ; down 2.18% year-to-date. LMT is currently valued at $59.15B and has a median Wall Street price target of $200.00 with a high target of $255.00.
Steve Grasso was a buyer of The Walt Disney Company (DIS). The stock began trading on Friday at $92.50 to finish the session more than 2 points lower from the prior days close of $93.22. On an intraday basis it got as low as $90.83 and as high as $92.94.
In the past 52 weeks, shares of Burbank, Calif.-based entertainment company have traded between a low of $69.85 and a high of $96.43 with the 50-day MA and 200-day MA located at $93.61 and $90.02 levels, respectively. Additionally, shares of DIS trade at a P/E ratio of 1.24 and have a Relative Strength Index (RSI) and MACD indicator of 37.35 and -1.86, respectively.
DIS currently prints a one year return of about 26%, and a year-to-date loss of around 3.50%.
Guy Adami was a buyer of Market Vectors Gold Miners ETF (GDX). It should be noted that while gold’s 6.5% rally this month could push GDX to its next rez level of $26, any bearish news could make the ETF retest support levels of $20 and then to $18. Goldman (GS) said this week it expects the yellow metal to fall over the next year.
GDX currently prints a one year loss of about 4.50%, and a year-to-date return of 21.27%.