FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our
"Question of the Day" right now.
TRADER RADAR Which stock should be on your screen? Follow the clues to solve this puzzle.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
EMERGING MONEY TOP 20
Fast Money's index for the world.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
 |
***********************
As food prices surge companies that can aggressively hedge their costs should benefit. What’s worth watching?
Investors are betting that Darden Restaurants [DRI Loading... ()
]stock will remain a tasty treat despite high food costs. On Tuesday Merrill Lynch upgraded DRI to “Buy” largely due to their ability to hedge costs. Subsequently the stock surged nearly 4%. What other companies could be similarly well positioned? Jon Najarian came up with the following….
Kellogg’s [K
Loading...
()
]
The cereal maker hedges 70% of their exposure to grains.
Starbucks [SBUX
Loading...
()
]
The java giant hedges directly with farmers and has $320 million or its entire 2008 coffee hedged. They also hedge currency but were not specific, reveals Najarian.
How would you trade it?
I think the better trade is to short the poorly hedged restaurants, Najarian says. It seems to me that both Bob Evans [BOBE
Loading...
()
] and Buffalo Wild Wings [BWLD
Loading...
()
] fall into that category.
**************
If you're playing CNBC's Million Dollar Portfolio Challenge, the following trades could be something to think about, suggests Dylan Ratigan.
Check Out These Other Posts |
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On May 29, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (BTU), (C), (AGU), (NUE), (GS), (INTC), (MSFT); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (AAPL); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (BIG); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (GLNG); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY Pete Najarian Owns (AAPL), (ANR), (BHI), (TSO), (XTO), (XLF), (HPQ), (BKC) (MAS), (ENER), (SYMX) (SVNT); Pete Najarian Owns (BAC) Puts
Jon Najarian Owns (DRI), (SBUX)
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes