Question #1: Stephanie from California wonders if she should short restaurants such as Morton's (MRT) and Ruth's Chris Steak House (RUTH) due to the recent run-up in beef prices?
Pete Najarian likes both stocks because higher beef prices are passed along to consumers. He explains if beef prices come down – the restaurants won’t bring prices down.
Question #2: Jeannette from Washington is interested in buying Ford (F) because she feels shares are very low right now. She asks how likely this stock is to rebound?
Guy Adami thinks if anyone can turn the company around its Ford CEO Alan Mulally who ran a division at Boeing. Nonetheless, Guy thinks the better auto play is Johnson Control (JCI).
Question #3: Mariana from California wants to know if this is a good time to buy iShares Silver Trust ETF (SLV).
Eric Bolling says the chart is starting to look a little nasty. He suggests looking at the SLV a little later in the summer.
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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 (CLF), (EMC), (INSP), (KR); Bolling Owns (ICE),(NMX), Gold, Silver
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