WILL CLEAN ENERGY CLEAN UP?:
The headline: T. Boone Pickens's Natural Gas Company, Clean Energy Fuels (CLNE), Begins Trading Friday
The word: Eric Bolling says the company takes liquefied natural gas and turns it into a fuel. Natural gas burns cleaner and cheaper and he recommends buying this IPO.
MIND THE GAP
The headline: The Gap Inc. (GPS) Reported Thursday A 26% Drop In Quarterly Profit Due To Increased Markdowns
The word: Jeff Macke says there’s no momentum at this company and he’s a seller.
BARBECUES AND BUYOUTS:
The headline: Dealmakers Prepare For A Busy Holiday Weekend
The word: Pete Najarian says Biogen (BIIB) options are trading heavily, with most traders buying upside calls. Also, options on Micron (MU) and Fifth Third Bancorp (FITB) are trading heavily leading Pete to believe “something is going to happen with these companies.”
WE SUCK LESS
The headline:Sirius (SIRI) Chief Executive Mel Karmazin Says “We Suck Less When Compared To XM (XMSR)”
The word: Jeff Macke agrees. He explains Karmazin was addressing shareholders who asked why the stock had lost so much value.
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Trader disclosure: On May 24, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (JPM), (SPF), (MU, (EMC), (BIIB), (FITB); Bolling Owns (T), (DIS), (ICE), (NMX), Gold, Silver, Coffee, Sugar