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.
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.
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.