Fast Money Halftime Report Recap: Gold, Silver, And Pops & Drops Highlights

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Includes: CAT, FCX, FDX, GLD, HTZ, LNKD, SLV
by: David Alton Clark

Highlights of Stocks discussed on CNBC’s Fast Money Half Time Report TV Program, Monday July 11.

Gold & Silver Highlights:

SPDR Gold Shares (NYSEARCA:GLD) – Scott Wapner posesd the question to Brian Kelly,

“Gold is up in euros, is Gold about to hit an all-time high in dollar terms?”

Kelly responds by saying,

“Yeah, I mean I think so. You also saw the dollar being up today and gold up that’s an unusual situation.” Kelly thinks gold is still the safe haven trade underpinned by inflation and tremendous buying demand out of Asia. He stated, “And yes in dollar terms I do think you could be seeing a new high very soon.”

iShares Silver Trust (NYSEARCA:SLV) – Jon Najarian agrees with Kelly concerning gold but feels silver is not following suit, he states,

“Well, I think gold continues to trend up here but, the silver trade is kind of a surprise how aggressively it’s been sold here today. Silver is down almost 2% to 1.7% and the SLV, the ETF that tracks it, is continuing to be under pressure. It was only at the breakeven line for a few minutes and then they just started, wack, wack, wack, (driving it Lower) so obviously silver isn’t one of the asset classes people are accumulating.”

Pops & Drops Highlights:

LinkedIn Corporation (NYSE:LNKD) – Pop - Up 1% - Stephen Weiss says,

“Yes, I mean the stock has been incredible since the IPO, which brings awareness. The company has become the number two networking site behind Facebook in the U.S., in the world actually.”

Hertz Global Holdings, Inc. (NYSE:HTZ) – Drop – Down 4% - Jon Najarian says,

“Yeah, well basically they’ve extended the offer for Dollar Thrifty (NYSE:DTG). It’s likely they’ll be more and more, I guess, in a bidding war with Avis. I don’t think investors liked that much and that’s why they’re exiting and the stock is down 4%.”

FedEx Corporation (NYSE:FDX) – Drop – 2% - Brian Kelly says,

“Yeah, again one of these names that’s getting hurt by the global growth story, but if you believe what Jim O’Neil says about China being the white knight, I would look to buy this one on the dips.”

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) – Drop – 2% - Patty Edwards says,

“Part of this is the global growth story and part of it is the fact that if you look at the ratio of copper to aluminum, you’re at about the tipping point where people will start to substitute into aluminum.”

Caterpillar Inc. (NYSE:CAT) – Drop – 2% - Stephen Weiss says,

“Cat, Deere (NYSE:DE), and Navistar (NYSE:NAV) did particularly well in the rebound of the market, now they’re going the other way with slowing global growth.”

Company Reviews and Key Statistics

Below is a brief review of each company, a summary of current analysts' estimates and up/downgrade activity followed by a chart of the company's key statistics.

The SLV seeks to replicate the performance, net of expenses, of the price of gold bullion. The fund is intended to constitute a simple and cost-effective means of making an investment similar to an investment in silver. Although the fund is not the exact equivalent of an investment in silver, they provide investors with an alternative that allows a level of participation in the silver market through the securities market.

The objective of the GLD is to reflect the price of silver owned by the trust less the trust's expenses and liabilities. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.

LinkedIn Corporation operates an online professional network. The company is trading significantly above analysts' estimates. LNKD has a median price target of $85 by 7 brokers and a high target of $92.

Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. The company is trading significantly below analysts' estimates. HTZ has a median price target of $21 by 5 brokers and a high target of $22. The last up / downgrade activity was on Dec 15, 2010, when Barclays Capital upgraded the company from Equal Weight to Overweight.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company is trading significantly below analysts' estimates. FDX has a median price target of $115 by 25 brokers and a high target of $136. The last up / downgrade activity was on Feb 3, 2011, when Robert W. Baird upgraded the company from Neutral to Outperform.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. It primarily explores for copper, gold, molybdenum, silver, and cobalt deposits. The company is trading significantly below analysts' estimates. FCX has a median price target of $66 by 14 brokers and a high target of $79.25. The last up / downgrade activity was on Jan 7, 2011, when Canaccord Genuity upgraded the company from Hold to Buy.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company is trading significantly below analysts' estimates. CAT has a median price target of $135 by 15 brokers and a high target of $150. The last up / downgrade activity was on Jun 16, 2010, when Jefferies initiated coverage on the company with a Buy rating.



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.