Earlier in the month, Brown-Forman Corp

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[BFB  Loading...      ()   ], which makes Jack Daniel's Tennessee Whiskey and Finlandia Vodka, reported a much better-than-expected quarterly profit, helped by strong international demand and the weak U.S. dollar.

There’s been a jump on earnings and the stock is now consolidating, short term players are being replaced by longer term guys, explains Quint Tatro. The trend looks bullish to me.

I think Brown looks rich on a valuation basis, says Guy Adami. But with that said, I agree that the stock could go higher.

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Trader disclosure: On June 20, 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 (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Macke Owns (INTC), (MSFT), (WMT), (DIS); Najarian Owns (AAPL), (BHI), (CHK), (ENER), (NOK), (TSO), (XLF), (HPQ); Najarian Owns (MER) Puts; Najarian Owns (MYGN) Calls, (SD) Calls; Najarian Owns (HRB) Puts; Quint Tatro Is The Principal Of Tatro Capital; Tatro Owns (C), (DV), (PETS), (STRA), (ESLR), (GLD), (GLW), (GS), (QQQQ), (RIMM), (SDS); Tatro Capital Owns (SLV), (ASTI); Tatro Capital Owns (USO) Puts

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