This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top Takes From RealMoney

Stocks in this article: BSBR C BAC

On a separate note, I was asked to comment on Santander (BSBR). I really have no edge on the short-term trading. I am, however, constructive on Brazil over the long term and own Vale (VALE) and Petrobras (PBR.A). I have also owned the (EWZ) in the past. I may or may not own Santander in the future after the shares settle, but I choose to sit out the short term, as daytraders are hyperfocused on this one ticker -- I manage many positions across many asset classes -- and big arb desks (buy the parent, short the IPO) come out with all guns blazing. Know when/where you have an edge.

Position: Long BAC stock, BAC calls, VALE stock, VALE calls, PBR.A stock and GS calls

The Perfect Trade?

By Robert Marcin
10:56 a.m. EDT

Commodities can do no wrong. Bad economy or good economy, bulls and bears alike love them. The bulls like them for the reflation trade. The Armageddonists love them as a hedge to dollar debasement that comes with an economic collapse. All talking heads gush positively on Bubblevision.

And everyone knows they have been on fire lately, right? Well, that's not really true. Crude oil has been flat for four months. Copper and gold work higher for sure. But many other commodities have been and continue to be lousy. Lumber, natural gas, steam coal, most grains, steel, electricity, pork bellies and cattle are all down materially this year.

Could it be that speculators have a crush on precious/industrial metals and crude oil? If inflation were about to rage, wouldn't all commodities be rocking? Surely, the fast-money guys want you to bid up the momentum commodity stocks; they pump them all day on CNBC. But something just doesn't seem right to me regarding the commodity trade.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs