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This Pharma Stock Was Oversold: Stephanie Link

Following are movers 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!

Peets

The catalyst: Janney analysts said Peet's sales and volume trends continued to deteriorate.

The trade: I’m a fan and think the decline is an opportunity, says Steve Cortes. As a commodity, coffee prices have been cut in half. Around $60 I’m a buyer of Peet's.

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Celgene

The catalyst:Celgene said it withdrew an application to market Revlimid in the European Union for newly diagnosed cases of the bone-marrow cancer.

The trade: I think it’s interesting down this much, says Stephanie Link, director of research at TheStreet. They still have a good pipeline.

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Homebuilders ETF

The catalyst: The National Association of Realtors said on Thursday that existing home sales slipped 1.5 percent to an annual rate of 4.55 million units last month. That was in line with analysts' expectations.

The trade: I’d stay away. The space has had quite a run already, says Brian Kelly, founder of Shelter Harbor Capital.

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Gold Miners ETF

The catalyst: Miners followed the spot price of gold, which slipped after the Fed dashed hopes for aggressive easing, lifting the dollar.

The trade: I’m long and staying long, says Steve Grasso, director of institutional sales trading at Stuart Frankel. But I’d stop out at $45.10


Posted by CNBC's Lee Brodie

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Trader disclosure: On June 21, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Brian Kelly is long BAC; Brian Kelly is long PNC; Brian Kelly is long AAPL; Brian Kelly is long JPM; Brian Kelly is long UUP; Stephanie Link is long JPM; Stephanie Link is long CVX; Steve Grasso is long CUBA; Steve Grasso is long GERN; Steve Grasso is long HPQ; Steve Grasso is long HSPO; Steve Grasso is long MU; Steve Grasso is long NYX; Steve Grasso is long PRST; Steve Grasso is long VVUS; Steve Grasso is long XRX; Steve Grasso is long ZNGA; Steve Grasso is long APC; Steve Grasso is long BAX; Steve Grasso is long DVN; Steve Grasso is long ESEV; Steve Grasso is long TBT; Steve Grasso is long UNM; Steve Cortes is long PPH; Steve Cortes is long SVU; Steve Cortes is long TREASURIES; Steve Cortes is short XLY vs. S&P LONG; Steve Cortes is short QQQ; Steve Cortes is short COH; Steve Cortes is short GOLD; Steve Cortes is short EUR

For Todd Gordon
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For Don Yacktman
Don Yacktman is long RIM
Don Yacktman is long PG
Don Yacktman is long MSFT

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For Mike Binetti
UBS AG, its affiliates or subsidiaries beneficially owned 1% or more of a class of the following companies' common equity securities as of last month`s end (or the prior month`s end if this report is dated less than 10 days after the most recent month`s end): JCP
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in NKE
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: KOH
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: RL
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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.: RL
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PEET
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CELG
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GD
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SPDR SP HB
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