Question #1: Diane from Florida follows Chico's (CHS) which she says has recently fallen on hard times. She asks whether today's impressive same store sales number is a sign of a turn around?
Jeff Macke says CHS reported positive same store sales, but that included an extra week for Easter. Jeff recommends Diane get long in Zumiez (ZUMZ), what he calls a good stock going into a long hard Summer.
Question #2: George from New York follows silver and says because silver is a substitute for environmentally unfriendly materials such as lead and mercury, is this a good time to buy it?
Guy Adami says he thinks silver is going higher and recommends George own iShares Silver Trust (SLV) or Pan American Silver Corp. (PAAS).
Question #3: Mike from Minnesota says there’s a small farm adjacent to his own back yard. Typically the farm raises corn and soybeans and Mike wants to know if he can make fast money in ethanol (which is made from corn)?
Eric Bolling says investors will lose money in the ethanol companies. He suggests Mike invest in his “Fast Money” Ag Play. (These are 4 stocks Eric recommends in the agricultural space.) They are Monsanto (MON), Agrium (AGU), Deere & Co (DE) and Bunge (BG).
Question #4: Classical recording artist Joshua Bell asks the guys about music stocks. He just released a new album called “Voice of The Violin” and wants to invest in the music sector. He wonders if it’s too late to buy Apple (AAPL), as well as Warner Music (WMG) and EMI (EMIPY)?
Tim Strazzini says he still likes Apple at this level. Tim explains he’s bearish on intellectual property music companies like Warner Music and EMI. Jeff Macke adds that he thinks it’s too late to buy Apple, and Guy Adami tells Joshua Bell to wait until AAPL trades in the mid-80’s before buying.
On APR 11 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Bolling Owns Gold,Silver; Strazzini Owns (WMT)