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The Word on the JetBlue Shakeup, The Milk Ripple...

Thursday, 10 May 2007 | 8:37 PM ET

ANEMIC SHARES:
The headline: Amgen (AMGN) Shares Plunge 9% As FDA Panel Calls For More Restrictions On Anemia Drug Use

The word: This is a big deal, Tim Strazzini says. These medicines account for over 40% of Amgen’s sales, so if the restrictions begin to impact sales, it could be devastating for the stock. He would steer clear.

BORDERS & NOBLE?
The headline: Credit Suisse Analyst Says Barnes & Noble (BKS) & Borders (BGP) Group Should Merge

The word: Jeff Macke thinks it would be a rational move, and might be the only way these companies survive – but he wouldn’t want to be long either name because the odds are that the Federal Trace Commission would block the merger.

Word on the Street
The word on today's hot trades



UNUSUAL OPTIONS ACTIVITY:
The headline: Suntrust (STI), E*Trade Financial (ETFC) Seeing Unusual Bullish Options Activity

The word: Where there’s smoke, there’s fire in the options market, Guy Adami says. It’s clear there is something going on here and he would keep an eye on the aggressive call buying.

HERSHEY'S MISSES:
The headline: Hershey's (HSY), Largest U.S. Candymaker, Says It Will Miss Original Full-Year Forecast

The word: Starbucks (SBUX) was the first company to blame its missed earnings on milk prices, Eric Bolling says, and now it’s Hershey’s. Milk prices are up 58% since August of last year, mostly because the European Union stopped subsidizing dairy farmers.

FEELING BLUE:
The headline: JetBlue (JBLU) Shares Jump After CEO David Neeleman Is Forced Out

The word: The guys all have tremendous respect for Neeleman, as he was one of the few CEOs who consistently appeared on the show, even during tough times for his company. Tim, Jeff and Guy all think Neeleman’s move from CEO to chairman of the company will be good for the company and the stock. He founded JetBlue and he’s more of an innovator than a day-to-day operator, which is why he’s better fitted to be chairman, which will bring him back to his role as a visionary. Eric would use this opportunity to sell because gasoline and jet fuel won’t stop ripping. Get out of JBLU if you own it, Eric says.

  Price   Change %Change
EME
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211
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ETFC
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HSY
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JBLU
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SBUX
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STI
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Trader disclosure: On May 10, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Macke Owns (SWY), Strazzini Owns (CBS), (HLT), (MER), (WMT (JBLU), (YHOO);Bolling Owns Gold, Silver Bolling Is Short S&P Futures, Bolling Is Short Nasdaq Futures Gartman Is Short (NUE), Gartman Is Short (BG)

  Price   Change %Change
SBUX
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HSY
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ETFC
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STI
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BKS
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AMGN
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JBLU
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