LAMPERT BUYS CITI
The headline: Eddie Lampert Reports Holding 15 Million Citigroup (C) Shares
The word: Tim Strazzini says Lampert is a smart guy and he sees opportunity in this stock.
The headline: Morgan Stanley (MS) Advocates Buying Agriculture
The word: Eric Bolling says his Fast Money AgPlay is at an all time high. (Those are 4 stocks he recommends as an agriculture play. They are Monsanto (MON),Bunge (BG), Deere (DE), Agrium (AGU).
Click hereto read more about the Fast Money Ag Play.
HOME DEEP WOE:
The headline: Home Depot (HD) and Wal-Mart (WMT) Shares Fall As Housing Weakness, Cold Weather Hurt Sales
The word: Of these two companies Jeff Macke likes HD better because he feels the new CEO has vision.
FROM FRAUD TO FRESH START:
The headline: Tyco (TYC) Settles Class-Action Shareholder Lawsuit For $3B
The word: Guy Adami likes this stock for the sum of its part and he recommends buying.
AMAT EARNINGS AFTER HOURS
The headline: Applied Materials (AMAT) Reveals 10% Drop In Orders; Stock Moves Lower
The word: Tim Strazzini says Goldman added AMAT to its conviction sell list. In the chip space he’s bearish on Advanced Micro Devices (AMD) and Qimonda (QI). However, he thinks SanDisk (SNDK) could go higher.
SOLD!...FOR $40 MILLION:
The headline: A Single Mark Rothko Painting At Sotheby's (BID) Auction Tuesday Night May Sell For More Than $40M
The word: Tim Strazzini says this is a sign of excess liquidity in the market.
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Trader disclosure: On May 15, 2007, 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 (SWY), (JWN);Strazzini Owns (WMT) (NWS-A), (SNDK), Strazzini Is Short (MU); Bolling Owns (DIS), Gold, Silver, Coffee, Sugar; Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures NBC Universal Is The Parent Company Of CNBC