GO
Loading...

This Big Bank Should Benefit Big, if Greece Elections Go Well

Following are moves you might have missed.

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!

Citigroup

The catalyst: Although there was no clear catalyst, Citi tends to be one of the most correlated to the overseas financial crisis.

The trade: If we get a favorable outcome in Greece (looks like Greece stays in EU), Citi could make a sharp move, says Fast Money trader Pete Najarian, co-founder OptionMonster.com.

----------------

USG

The catalyst: Investors may be betting that USG will be a beneficiary, after the annual State of the Nation’s Housing report released Thursday by Harvard University’s Joint Center for Housing Studies, detailed more signs of revival.

The trade: I’m long and I like it, says Fast Money trader Brian Kelly, founder of Shelter Harbor Capital.

----------------

Navistar

The catalyst: A filing with the SEC revealed that that activist investor MHR Fund Management had established a 13% position in Navistar. Considering Carl Icahn is also a Navistar shareholder, investors may be betting these ‘Whales’ can unlock shareholder value.

The trade: It’s a really volatile stock, I’d stay away, says Fast Money trader Steve Grasso, director of institutional sales trading at Stuart Frankel.

----------------

BP

The catalyst: Investors may have found recent commentary from BP encouraging; the CEO said BP plans to remain in Russia despite earlier this month announcing that it intends to sell its half of the Russia-based TNK-BP joint venture.

The trade: They’re doing a lot of something right, says Fast Money trader Jon Najarian, co-founder OptionMonster.com.

Read More from Fast Money:

> Simple Strategies Behind Supersized Successes

> 10 Top Stocks for the Long-Term Investor

> Top Apple Related Stocks for 2012

Posted by CNBC's Lee Brodie

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com 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 Web site send your e-mail to fastmoney@cnbc.com.


Trader disclosure: On June 15, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian is long AAPL; Pete Najarian is long BP; Pete Najarian is long C; Pete Najarian is long NOK; Pete Najarian is long MSFT; Pete Najarian is long HPQ; Pete Najarian is long PEP; Pete Najarian is long SBUX; Pete Najarian is long INTC; Pete Najarian is long WLT; Pete Najarian is long SCCO; Pete Najarian is long CE; Pete Najarian is long PFE; Pete Najarian is long MRK; Pete Najarian is long BP CALLS; Pete Najarian is long AAPL CALLS; Pete Najarian is long CIEN CALLS; Pete Najarian is long CS CALLS; Pete Najarian is long JPM CALLS; Pete Najarian is long KEY CALLS; Pete Najarian is long XCO CALLS; Pete Najarian is long THC CALLS; Pete Najarian is long OIH CALLS; Pete Najarian is long SPY CALLS; Pete Najarian is long DLTR CALLS; Brian Kelly is long QQQ Calls; Brian Kelly is long QQQ Puts

For Mike Harris|
Campbell is short the NYMEX
Campbell is short WTI Crude Oil

For Paul Forward
Stifel, Nicolaus & Company, Inc. makes a market in the securities of ACI
Stifel, Nicolaus & Company, Inc. makes a market in the securities of ANR
Stifel Nicolaus & Company, Incorporated is acting as financial advisor to CNX
Stifel, Nicolaus & Company, Inc. makes a market in the securities of BTU
Stifel, Nicolaus & Company, Inc. makes a market in the securities of PCX

For David Palmer
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in SBUX
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: SBUX
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: SBUX

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report

  • Bill Nygren, Oakmark Fund, explains why Apache, Bank of America and Google will be winners in 2015.

  • Nick Tiller, Sustainable America founder and chairman, tells CNBC's Kate Kelly oil prices are poised for a tradable rally. Tiller likes the Brent ETF and energy sector.

  • Discussing interesting trends contributing to the market's rally into year's end, with the FMHR trader Josh Brown and Dan Greenhaus, BTIG.