Burned By Yum!, Royal Caribbean & More
They looked like hot stocks. So how are the Fast Money traders playing Yum!, Royal Caribbean and other stocks now that they’ve been burned.
On June 1st the Negotiator turned to a fast food trade to make some fast money. At the time he said, “Look at Yum! Brands; Although this stock is up 50% since bottoming out in March, it still feels like it has room.
Unfortunately, trading the owner of KFC, Taco Bell and Pizza Hut gave Adami indigestion. Since he said go long, shares have slipped 5% and Jefferies initiated coverage with a hold. What does he have to say for himself?
I still like Yum!, Adami says adamantly.
On June 4th the Pit Boss thought options action in a cruise line signaled smooth sailing for Royal Caribbean. At the time he said, “There is a lot of call activity out there. Keep an eye on this stock.”
Sadly, the trade hit rough water. After Najarian suggested a long position shares tumbled 11% on swine flu worries. What does he have to say from himself?
I've still got this stock on my radar, reveals Najarian, I think there could be upside to come.
On May 21st the Liquidator thought a long position in a clothing retailer would make your portfolio spiffy. At the time he said, “Buckle is the name you want to own.“
Turns out Terranova’s trade was no Dapper Dan. Since he suggested the stock as a buy, shares of The Buckle slipped 9%. What does he have to say for himself?
I'd stay with this trade, he counsels. I'm still a buyer.
On May 12th the Wolf suggested that Apple was overripe. At the time he said, “I should have sold this thing about 15, 20 points ago. I’m gone baby, finally sold my Apple after a nice long ride.”
Looks like Macke missed out on a sweet treat. Since he became a seller, shares of Apple have spiked 13%. What does he have to say for himself?
I'm not a piggy, I took profits, exclaims Jeff Macke.
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Trader disclosure: On June 12th, 2009, 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 (AGU), (USO), (BAC); Najarian Owns (FCX) Call Spread; Najarian Owns (MCD) Calls; Najarian Owns (RCL) Calls; Adami Owns (AGU), (BTU), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (TER), (XBI), (SDS), (BTU), (RIMM); Terranova Owns (X) And Is Short (X) Calls; Terranova Owns (MS) And Is Short (MS) Calls; Terranova Owns (JPM) And Is Short (JPM) Calls; Terranova Owns (POT) And Is Short (POT) Calls; Terranova Owns (BRCM) And Is Short (BRCM) Calls; Terranova Owns (IBM) And Is Short (IBM) Calls; Terranova Owns (HES) And Is Short (HES) Calls; Terranova Owns (GENZ) And Is Short (GENZ) Calls; Terranova Is Short (OIH); Terranova Is Short (RIG); Terranova Is Short (XOM) Call Spreads; Terranova Owns (DIS) Call Spreads; Terranova Is Short Aug. Nymex Crude Oil; Terranova Is Short September Nymex Crude Oil; Terranova Is Short December Nymex Crude Oil; Terranova Owns December 2011 Nymex Crude Oil; Terranova Is Short August Gold Futures; Terranova Is Short July Natural Gas Futures
Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of (ABD), (CAL), (CLB), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights