On August 16, the Negotiator recommended Network Appliance (NTAP), joking that it “stuck out to me like a comb in Jeff Macke’s pocket.” He reiterated his call the next week, saying on August 21 that NTAP’s billion dollar stock buyback “puts a floor in the stock. I think it goes to $30.”
Sure enough, NTAP is almost there, surging 7% since Adami made the call.
“Take a look at Posco (PKX),” the Pit Boss said on September 6. “[The steel stocks] are all going higher and they will continue to go higher.”
Najarian saw a steal in the Korean steel name. Shares of Posco are up a red-hot 5% in just five days after Wall Street went crazy for commodities this week.
On August 3, the Chairwoman pointed out DaVita (DVA), saying she liked it for its “simple cash flow story” and for its immunity to problems in the credit market because it provided dialysis services to patients with kidney failure.
Finerman’s dialysis demand story held on through August’s volatility - and then some. Shares of DaVita are up 10% since she made the call after the FDA held back restrictions on a blockbuster kidney drug.
On Monday, Macke called McDonald’s (MCD) “simply one of the best-run companies on earth for the last two years…I think you gather it, set it for months.”
The “Big Macke” found a fast money, fast food trade in the Golden Arches. After his recommendation ahead of same-store sales, MCD blew past expectations, sending shares up 6% in less than a week.
Now that’s fast money.
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Trader disclosure: On Sept. 14, 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), (SWY); Najarian owns (CREE), (GS); Finerman’s Firm Owns S&P 500 Puts, Russell 2000 Puts, (BEAS), (ASD), Is Short (LEAP); Finerman’s Firm and Finerman Own (HD)
For the record: Finerman’s Firm Owned (DVA) on 8/3/07; Finerman’s Firm and Finerman Owned (HD) on 9/4/07; Najarian owned (UA) on 7/30/07