We learned this weekend that Feds nabbed three suspects earlier this month who planned to set fire to New York’s JFK Airport. They used Google earth as part of their planning no less.
Even though the plan seemed far-fetched and the terrorists don't seem to be connected to a bigger network, airline stocks sold off today on the news. Should investors protect their portfolios from possible terrorist action around the world?
Guy Adami says this shows how fragile the airlines are to news.
OSI Systems (OSIS) Chief Executive Deepak Chopra joins the guys for this conversation. (It’s worth noting he's not the same Chopra who provides spiritual guidance.)
What is your sense of our vulnerability?
“This is something that’s been going on for the last couple years,” Chopra says. “And we continue to make progress (but) nothing is fool-proof.. as a company we continue to work with the government… to make security stronger and stronger.
How much money are you making?
“We have been growing at 30% plus… and we are gaining ground both nationally and internationally, not just in airport security but with border crossings, buildings, and cruise lines,” he says.
The stock moved up Friday, but the terror news wasn’t reported until Saturday?
“The stock moved up over the last few months about 30%” Chopra says.
Dylan Ratigan asks the guys if investors should get involved with this name?
Jeff Macke says buy the dip but don’t chase it.
Eric Bolling recommends owning Cameco (CCJ) and Suncor Energy (SU).
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Trader disclosure: On June 1, 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), (DNDN), (HOT), (MAR), (ONXX); Bolling Owns (ICE), (DIS), (T), (NMX), Sugar, Natural Gas Futures, Bolling Has Closed Out Of His Coffee Trade: CNBC Is A Service Of NBC Universal And Dow Jones