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3 Fast Money Trades for Wednesday: KB Home, TLT, Finish Line


On CNBC, Tuesday 9/30/14, the Fast Money panel recommended first trades for Wednesday:

Tom Grasso thinks KBHome (KBH) is a buy after its terribly disappointing quarter, after which the stock shed 5.3%. According to SeekingAlpha, CEO Jeff Mezger blamed the decline on delays due to subcontractors, inadequate municipal staffings for inspections and unreliable utility companies. While these problems happen now and again, Mezger said they were pronounced than usual. In addition, the company has been making a transition in preferred mortgage lenders, “The initial disappointment is behind us, ” said Mezger.

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Karen Finerman thinks the 8.2% decline after Finish Line’s (FINL) earnings was too draconian a punishment. The company saw uncharacteristic weakness in its basketball business during back-to-school season. Other segments were strong, and dropping the ball in the Jordan products was likely a one-off event.

Guy Adami and Brian Kelley think the iShares 20+ Treasury Bond ETF (TLT) is worth buying, given the plethora of potentially disppointing economic news this week, including an ECB and jobs report, the Ebola scare and geopolitical worries. In such an environment, interest rates are likely to stay low.



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