Macke Explains Whether To Buy Safeway, Kroger's Or Whole Foods
Question 1: Christine from Ohio asks about the clinical trials for a drug treating macular degeneration, and wants to know what the future holds for the drug’s maker, Regeneron Pharmaceuticals (REGN)?
Tim Strazzini says he thinks the company has a great future. He recommends sticking with this stock and owning it on dips.
Question 2: Kevin from California asks about Korea Fund Inc. (KF) and whether the Korean market is strong.
Eric Bolling says it’s a great fund which has outperformed the Korean Stock Exchange Index by 10% each year, over the last 3 years. Stay with it, he says.
Question 3: Celebrity Chef Rocco DiSpirito expresses interest in the organic foods space and asks the guys about natural and organic food retailer, Whole Foods Market (WFMI).
Jeff Macke says Whole Foods is dead money because they outlived their usefulness. They taught the other guys how to do organic. Instead Jeff recommends Chef Rocco buy Safeway (SWY) and Krogers (KR).
On MAR 30, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Bolling Owns Gold, Silver, Natural Gas, Is Short Crude Oil Strazzini Owns (MO), (SNDK), (STM) Macke owns (SWY)