The headline: The guys say this is a great trader’s market
The word: Pete Najarian explains recent volatility is great for traders but not investors. Jeff Macke adds in this kind of market viewers might want take the other side of big gains. Eric Bolling says it seems more like a flat market to him.
The headline: Oil Jumps Nearly 2% After Saudi Arabia Says It Will Cut Exports To Asian Markets
The word: Eric Bolling says the big news was no news out of OPEC.
The headline: Shares of Texas Instruments (TXN) Fall After Hours on Guidance
The word: Pete Najarian says this company can’t get out of their own way but adds the reason they’re not performing today might be because they moved so much on Friday. Guy Adami says TXN is fine. Jeff Macke thinks investors should get long the dip.
FORD TRADING IN JAGUAR?
The headline:Ford (F) Shares Rise On Reported Plans To Sell Volvo, Jaguar, Land Rover Brands
The word: Guy Adami believes selling these luxury brands is probably a good thing in the short term. Pete Najarian likes Daimler (DCX) for it’s diesel technology
IT'S NOT A GOOD THING:
The headline:Macy's (M) Delays Building Model Homes Displaying Martha Stewart's New Product Line
The word: Jeff Macke says something is going on at Macy’s and recommends owning Saks (SKS) instead.
THE OTHER COMMODITIES:
The headline: Corn, Wheat Cocoa, Nickel Jump Today
The word: Eric Bolling says 40% of the world’s cocoa comes from Ivory Coast which is a divided country. Consequently, he expects the geo-politics to drag down shares of Nestle and Hershey (HSY).
Eric adds the USDA came out with a bearish report on corn which is bad news for ethanol and good news for Archer Daniels Midland (ADM).
NUCOR POOR FORECAST:
The headline: Steelmaker Nucor (NUE) Plunges On Weak Forecast
The word: Guy Adami says they guided lower blaming autos and homebuilders and sees further room in NUE on the downside.
The headline:Crocs (CROX) Shares Jump After Piper Jaffray Boosts Price Target
The word: Pete Najarian says this stock is in the midst of a short squeeze and he recommends not getting involved.
THE WAR THAT NEVER WAS:
The headline: According to Wall Street Journal: GE (GE), Microsoft (MSFT) Briefly Discussed Challenging Rupert Murdoch For Dow Jones
The word: Jeff Macke says everyone wants to take a shot at Rupert. He adds Dow Jones (DJ) is worth more to Rupert than anyone else.
The headline:Blackstone (BLV) CEO Stephen Schwarzman Set To Earn As Much As $677.2m From IPO; Blackstone Shares Expected To Begin Trading In 2 Weeks
The word: Eric Bolling says don’t be a buyer of BLV.
ONE GIANT STEP FOR MANNKIND:
The headline: Biotech Firm MannKind (MNKD) Soars 15% On Unusual Options Activity
The word: Pete Najarian says this stock has been moving since last Thursday and believes it’s on data coming this week on the company’s diabetes drug.
$1.8B CENTRAL PARK WEST:
The headline: 15 Central Park West Sells For $1.8B, Most For Any New Residential Building
The word: Eric Bolling says it’s a sign of the times. There’s a lot of money out there.
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Trader disclosure: On June 11 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 (MNKD), (AAPL), (VSE), (ELN), (MYGN), (TXN) Bolling Owns Sugar, (BP); Bolling Is Short S&P And Nasaq Futures; Bolling Has Closed Out Of His Coffee Trade
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