I'm Melissa Lee, and this is Fast Money.

Tonight's Trader Line of Guy Dami, Tim Seymour, Karen Finerman, and Dan Nathen.

Tonight on Fast, a red alert on housing.

One of our Trader says the best is in for the builder boom, how they are positioned for

a pullback in this red hot housing trade, plus investors hanging up on AT&T for the second

straight day.

The stock is now down more than 8% since announcing that water media spin-off.

How are Traders playing the big drop?

And we're all over the after-res act and shares that take too interactive.

The gaming stock taking a big leg higher in the back results, but taking inside the

quarter, we start off with a retail renaissance, three names that serve vastly different segments

of the consumer market, all posting monster earnings beats today.

Walmart, Home Depot, surprising the top and the bottom lines.

Macy's report an unexpected profit, but that didn't necessarily translate into good

news for the stocks.

While Walmart posted its best days since early April, Macy is failed to hold onto gains.

Home Depot ended the day in the red, so is this another instance of good news?

That price action guy, and of course we have to note that the markets close on session

lows, big kept tech close on session lows, even with good news, these stocks closed lower

today.

Yeah, Mel, we talk about it all the time.

I mean, I heard Joe Ternovon closing bell, good news, bad price action.

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