Question #1: Terri from New York asks if Timberland (TBL) is a good stock to buy?
Jeff Macke says in the space, he prefers Nike (NKE) for its valuation.
Question #2: George from Florida says he’s excited about Wachovia Bank (WB) and Fulton Financial (FULT), a rural bank. He wants to know if he should hold or sell?
Eric Bolling says he’s not bullish on these stocks because of the housing slump. He tells George to get into basic materials, energy or gold.
Question #3: Phil from Maine asks if today's announcement from the Fed about subprime fallout signals the “ok” to buy financial stocks such as Bear Stearns (BSC) and Lehman Brothers (LEH)?
Pete Najarian says it’s been ok for a long time. Pete adds that he likes Goldman Sachs (GS) Merrill Lynch (MER), and Morgan Stanley (MS) a little more than BSC or LEH.
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Trader disclosure: On May 30, 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 (AAPL), (BIIB), (CBH); Bolling Owns (ICE), (NMX), Gold, Silver, Natural Gas, Coffee, Sugar; Bolling Is Short (FXI) And Is Long (FXI) Puts Coronat Capital Management Owns (GSOL)