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The Word On Dairy Prices, Micron & More...

The guys go behind the headlines and give you their take on.. how to trade the airline sector...why milk futures are up 30%...... and more.

MILK IT FOR ALL IT'S WORTH:
The headline: Dairy Prices Hit Record High On Global Demand, Australia Drought
The word: Eric Bolling says milk futures are up 30% over the last 4 months. Names he likes include Dean Foods (DF) because they paid a dividend and the stock still went up; also he says Owens-Illinois (OI) and Crown Holdings (CCK) are two great companies making money in the space.



WHERE WILL THE CHIPS FALL?:
The headline: Micron (MU) To Report 2nd Quarter Earnings Tomorrow After The Bell
The word: Tim Strazzini says recent trading in the stock has been short covering. He expects the stock to rally slightly, but then he recommends investors short it.

FLYING HIGH:
The headline: Continental (CAL) Shares Soaring On Falling Oil Prices
The word: Guy thinks the airline business is miserable, but they are great stocks to trade. He expects the sector will be up again tomorrow, but adds airlines stocks are getting to a point where investors should think about selling.

SIRIUS STATIC:
The headline: XM (XMSR), Sirius (SIRI) Shares Fall After Influential Research Firm Says It Opposes Merger
The word: Jeff Macke says research came out today that says the merger would be anti-competitive. Jeff recommends investors buy Sirius because it’s on its 2-week lows.

Symbol
Price
 
Change
%Change
DF
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MU
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OI
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SIRI
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Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 3, 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 (DIS), Gold, Silver Strazzini Owns (VZ), (YHOO)

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