On June 1, Jeff recommended Saks (SKS). “Give it some time to pause and accumulate the shares,” he said.
The Lone Wolf is sticking by his call on Saks and for good reason. A 38% jump in sales sent Saks shares skyrocketing up 5% even amid a massive sell-off for the rest of the market.
On May 4, Guy said Johnson Controls (JCI) is “a huge stock that still has upside” after Goldman Sachs added it to its conviction buy list.
The Negotiator proved that auto parts maker Johnson Controls still has that new car smell as shares revved earlier this week on an analyst upgrade. JCI is up 16% since Guy’s original call in March.
On May 31, Pete said Celgene (CELG) was a sell, saying its 333 PE reminded him of the tech bubble. “That’s a lot,” he said. “That’s very, very dangerous.”
The Pit Boss’ fear of heights is well-advised as shares of high-flying Celgene plummeted back to Earth after momentum leading up to the ASCO Conference left biotechs with a hangover.
Now that’s fast money.
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Trader disclosure: On June 8 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), (BTU), (NFLX), (.VIX) Seymour Owns (AAPL), (COP), (EWZ), (GLD), (VIP) Red Star Asset Management Owns (MBT), (MTL), (OGZPY), (ABV); Red Star Asset Management Is Short (EEM); Red Star Asset Management Is Short (WBD); Coronat Capital Management Owns (SNE)
Karen Finerman's Firm & Karen Finerman Owned (TYC) On 6/1/07
Najarian Owned (CLF) On 5/31/07