Dow Jumps, Overcoming Record Oil
THEY'RE LOVIN' IT
The headline:McDonald's (MCD) Shares See Best Day Since July 2006 On Blowout August Same-Store Sales.
Dylan Ratigan explains that McDonald's same-store sales for August jumped 8.1% on coffee, breakfast, and snack items.
Jeff Macke tells the panel he likes this stock and recommends owning it, now.
Karen Finerman also likes McDonald’s numbers, very much.
Guy Adami reminds the panel MCD beat comps in North America which he feels is another important item.
BURNING DOWN THE HOUSE
The headline:Masco (MAS), Maker Of Cabinets And Plumbing Products, Slides On Merrill Lynch Downgrade.
Guy Adami says he’s not sure where Merrill is going with the downgrade. He recommends buying the dip because Guy thinks all the bad news is washed into the stock.
Karen Finerman prefers American Standard (ASD) which is also her “On The Money” trade of the day.
OPTIONS ACTION: HEY, ST. JUDE
The headline: Najarian Seeing Unusual Options Activity In Medical Device Maker St. Jude (STJ).
Pete Najarian explains that he’s seeing increased volume in upside calls which suggests to him that this company could be a takeover target.
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Trader disclosure: On Sept. 11, 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 (INTC); Najarian Owns (BJS); Najarian Is Short (GS); Pete Najarian Is The Co-Founder Of optionmonster.com, Finerman's Firm Owns (CMVT), (DVA), (JNJ), (KFT), Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (FTWR), (HD).