GO
Loading...

No. 2 - Show Me The Money

Friday, 8 Jun 2007 | 8:29 PM ET

Next week is "show me" time for the biggest brokers on Wall Street. Investors will learn if the subprime slime has soiled companies such as Lehman Brothers (LEH), Bear Stearns (BSC) and Goldman Sachs (GS). How are the guys trading?

Note: Tim Seymour of Red Star Asset Management substitutes for Eric Bolling on this show. We call him "The Ambassador"

Top Story #2: Brokers
Brokers announce earnings next week, including Bear Stearns, Lehman Brothers, Goldman and Morgan Stanley



Pete Najarian recommends buying the brokers Monday morning because he feels M&A is on fire and their retail business is starting to take off.

Pete plans to ride the financials through the Lehman report, but then might sell on the evening before Goldman earnings because he thinks GS might include cautionary words about rising interest rates.

Guy Adami doesn’t like Lehman but likes Goldman and Bear.

Jeff Macke says BSC presents the best trading opportunity because the stock likely has sumprime concerns already factored into it.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On June 8 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Najarian Owns (AAPL), (BTU), (NFLX), (.VIX) Seymour Owns (AAPL), (EWZ), (GLD), (EWZ), (GLD), (VIP, (MTL), (X), (TWX, Gazprom,) Red Star Asset Management Owns (MBT), (MTL), Gazprom ,Lukoil,,Severstal; Red Star Asset Management Is Short (EEM); Red Star Asset Management Is Short (WBD); Coronat Capital Management Owns (SNE)

  Price   Change %Change
GS
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report