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With gas prices through the roof a trip to the Maine or Cape Cod might be out of the question, but that doesn’t mean the family can’t enjoy seafood this summer. Just take the short ride over to one of Darden's many Red Lobster locations for a feast.
And if the excursion to South Carolina or even South Jersey is out of reach you can still enjoy some tastes of the south with McDonald's new southern style chicken sandwich.
Some investors are fearful gas prices may keep restaurant customers away this summer but Fast Money's Jeff Macke thinks you’ll decide the cheapest way to feel good is to indulge yourself in the neighborhood.
Here are his simple trades from the summer's simple pleasures.
My favorite trade tied to this phenomenon is McDonalds [MCD
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], says the Wolf. And I like Burger King [BKC
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]and Darden [DRI
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]too.
Or look at Wal-Mart [WMT
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], counsels Pete Najarian. They now sell a $3 bottle of wine!
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Trader disclosure: On June 18, 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 (INTC), (MSFT), (WMT); Pete Najarian Owns (AAPL), (BHI), (ENER), (MS), (TSO), (XLF), (XTO), (CHK), (HPQ), (MYGN); Pete Najarian Owns (RF) Puts; Adami Owns (AGU), (BTU), (C), (NUE), (GS), (INTC), (MSFT); Terranova Owns (XLF), (YHOO), (LUV), (FXC); Terranova Is Long Dec 2008 Crude Oil; Terranova Is Short Dec 2009 Crude Oil
Terranova is chief alternatives strategist at Phoenix Investment Partners; Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)
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