Wyeth (WYE) popped 10%. A successful test of their experimental Alzheimer's drug spiked shares early in the week. – I think it’s awesome, says Pete Najarian.
Western Union (WU) popped 4%. The money transfer firm raised its long-term profit outlook and authorized a $1 billion stock buyback. – I think the company is firing on all cylinders, says Quint Tatro. I’m a buyer with stop at Friday’s low.
Chesapeake Energy (CHK) popped 8%. Natural gas names continued to work higher. – I like the insider buying, says Pete Najarian. It gives me an idea of where nat gas is going.
Schlumberger (SLB) popped 4%. Unlike integrateds and refiners the oil service stocks continued to benefit from higher crude prices. – I think it’s pricey on valuations but I still like the name, says Guy Adami.
Bank of the Ozarks (OZRK) popped 13%. After tumbling all week the Arkansas-based bank shot-up Friday after assuring investors that it didn't need to sell shares to shore up capital. – Don’t buy the regionals, Jeff Macke says with disgust.
Ag Trade. Merrill Lynch increased its price targets on fertilizer names Agrium, Potash and Mosaic.
DROPS (stocks that slid lower)
HMO's. Coventry Health dropped 25%, WellPoint dropped 10%, & Aetna dropped 7%. Health insurers closed sharply lower across the board after Coventry cut its profit forecast for the second time this year. – I think they’re going down faster than the SS Indianapolis, says Jeff Macke.
Coca-Cola (KO) dropped 3%. The soft-drink company turned soft on the week for no clear reason. – All I can tell you is that the bottling unit in Athens Greece reduced guidance, says Guy Adami. I like Coke but not at these levels.
McDonald's dropped 4%. Step aside, Jared...42-year old Chris Coleson lost 86 pounds going on a McDiet - eating items exclusively off the McDonald's menu. Sadly, shares of McDonald's were also slimming down and closed lower on the week.
Denny's (DENN) dropped 13%. Home of the "Lumberjack Slam" breakfast, Denny's shares were the one’s getting slammed after Merriman Curhan Ford cut the stock to "neutral" from "buy" on higher commodity costs. – Not good, says Jeff Macke.
Husbands. 76-Year old Betty Johnson Neumar is under investigation by police to determine whether the deaths of all five of her husbands was a string of murders, or just unfortunate coincidence.
Sohu.com (SOHU) dropped 9%. The Chinese web portal said it expects slower ad revenue growth after the Beijing Olympics. – I’d stay away, says Quint Tatro.
Got something to to say? Send us an e-mail at firstname.lastname@example.org 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 email@example.com.
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