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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Jan.07
7:10 PM ET
Monday, 7 Jan 2008
Dow Pushed Higher - Also Macke's Starbucks Trade

BREAKING NEWS: STARBUCKS

The headline: Starbucks [SBUX  Loading...      ()   ] Rose 4.5% After Hours On Monday After The Coffee House Chain Said Howard Schultz Will Return As CEO And The Company Will Focus On International Growth

This is good news for Starbucks says Jeff Macke. Schultz is a retailing genius. Never bet against a ticked off genius and if a billionaire comes back to work after 8 years – he’s probably ticked off.

You might want to own this stock, now Jeff Macke adds. (That’s a sea change for Macke on this stock. He’s been negative on Starbucks until this news.)

********************************************

AFTER HOURS ACTION: ISIS Pharmaceuticals

The headline: Isis [ISIS  Loading...      ()   ](ISIS) and Genzyme [GENZ  Loading...      ()   ] Enter Into Strategic Licensing Deal Over Lipid-Lowering Treatment.

The cholesterol world is quite big but Isis needed a partner and now they have it. This could be a $2 billion drug explains Pete Najarian. If you own this stock, take some profits, he adds. If you don’t own the stock, I think there’s still time to get in.


********************************************

A HEALTHY NEW YEAR

The headline: Healthcare Stocks [XLV  Loading...      ()   ]Break Out As Big JPMorgan Conference Gets Underway.

Celgene (CELG) and Biogen (BIIB) popped on better-than-expected forecasts explains Pete Najarian. But Pfizer (PFE) is one the names investors are focused on because it’s trading at a 10 P/E.

********************************************

TECH A WRECK

The headline: Tech Sell-Off Continues Monday, Adding To NASDAQ's 6.3% Loss Last Week.

Shares of Apple [AAPL  Loading...      ()   ], Google (GOOG), Hewlett-Packard (HPQ), and Research In Motion (RIMM) all tumbled Monday explains Guy Adami. However, I still like Microsoft (MSFT).

I agree says Jeff Macke. And be careful of Intel (INTC).

I recommend buying Apple (AAPL) late week going into Macworld on Monday says Pete Najarian. This is truly trading off a catalyst.

********************************************

$200 OIL IN 2008?

The headline: Oil Slides 2.9% Monday After Hitting Record Last Week.

Investors are scared that we’re heading for a recession and that’s why crude moved lower Monday, says Guy Adami.

I think the economy will slow and oil will get even cheaper, says Karen Finerman.

Some investors are buying $200 oil contracts, but those are professional traders who are “buying the wings and selling the meat.” Don’t take that to mean oil is going to $200 anytime soon, explains Pete Najarian.

If you want to get long oil, one way to do it is with the United States Oil Fund [USO  Loading...      ()   ] explains Dylan Ratigan and the other side of that trade is UltraShort Oil & Gas ProShares [DUG  Loading...      ()   ].

********************************************

FRIES WITH THAT DOUBLE SOY LATTE?

The headline: McDonald's [MCD  Loading...      ()   ] To Install Coffee Bars At Its 14,000 U.S. Locations Starting This Year: WSJ.

McDonald's projects coffee bars will add $1b to annual sales, Jeff Macke says. Ironically this news comes on the same day that Howard Schultz says he’s coming back to Starbucks as CEO.

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Trader disclosure: On Jan 7, 2008, 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 (ATVI), (INTC), (YHOO); Najarian Owns (MCD), (N), (ISIS); Najarian Owns (SYY) Options, (VLO) Options, (YHOO) Options, (AAPL) Options; Finerman's Firm Owns (CROX), (GS), ( HD), (VLO), (YHOO), (DVA); Finerman's Firm Is Short (IJR), (IYR), (SPY), (IWM), (SPG), (TCO); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts

© 2008 CNBC.com

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