A strong stock market and furious dealmaking pushed Lehman Brothers (LEH) earnings past estimates Tuesday and the stock moved higher in a bad tape. With Bear (BSC) and Goldman (GS) ahead on Thursday, which is the best stock on Wall Street?
Dylan Ratigan reminds the panel that on Friday, Pete Najarian recommended buying the brokers, riding them through Lehman, and selling them on Wednesday.
Pete Najarian says Lehman is doing everything right. However, he’s concerned the bond market might be having a negative impact on the desk at Goldman.
Guy Adami agrees and recommends taking profits on GS though he’s bullish on the financials long term.
Eric Bolling says if there’s a dip in these names, it’s a buying opportunity.
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Trader disclosure: On June 12 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (ATVI), Najarian Owns (NITE), (GS), (STX), (AAPL); Bolling Owns (ICE), (T), (DIS)(NMX); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures