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Making Money on Metal

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  • Description

    FBN’s Charles Payne with his stock picks for today, including Walter Energy.

  • Duration 2:11
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Making money time with south -- if I'm up on -- -- this recommendation the industrial metals sector little.

That's right metallurgical hole you know got that now 68 and right then I'm gonna learn a lot of Philip.

-- that you hit the -- -- are eligible built the steel beams with you know people listen up because this thermal right is that we use the heat our homes and things in minutes and steel but they all come -- all the traded together in did the metallurgical stuff I think it's been oversold December 2 I talked about Walter energy.

December 4 brother Walter energy the stock between 971 at that forty bucks right now -- -- -- and commodity has that.

No -- some of the viewers got it does what I'm gonna tell normally I would come on the show it to you got to take that kind of prophet that's huge -- like a 56 week period I think -- got a hold on to it.

The sockets on the cusp of a major break out -- -- close above forty it would be monumental.

There's a stock that was 75 bucks early last year again I think the selling -- -- over overly done very severe.

It started the nibbling and have big -- -- -- do nibbling also though the short still like the only industry jobs has been on the fires mean absolutely national regulations it was a big story of when he twelve.

So where's the demand companies overseas China overall love for the forecast for ministry they say 3.2 percent global demand 3% from China India would be probably the biggest anywhere from five to 7% of rep from various sources Europe might even bounce back -- to be pretty good for these guys so.

Certainly the men also I got it also tell you to volume was huge on this today too in part because.

The stock has been in a rumor mill for about 234 years so you thought it -- I was -- up yeah.

And normally they are if you think this -- the stock had about been a legitimate takeover couldn't take targeted 75 bucks a share certainly down at forty remind me.

Isn't that low interest and -- the forty dollars and that's that's level that's.

But it had a breakout from here -- it's just below forty wondering if it's testing that resist.

All future right absolutely right -- -- testing and it's been testing an all day on strong volume I think that closed above there would be a major -- -- on this case of saying you know what normally I would say ring the register this time.

I think it's more revived in the so thank you -- -- guys and thank you tell us.

As we do every fifteen minutes let's check the markets now the culprit.

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