BEST WEEK SINCE APRIL:
The headline: Dow Jumps 2.2% This Week, Reclaiming Record... Dealmaking, Buybacks And A So-Called Short Squeeze Catapult Market To Record This Week...Most of Week's Gains Come From Thursday, When Dow Jumped the Most in Three Years
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- THE WEEK: CONSUMER RESURGENCE?
The headline: June Retail Sales From Wal-Mart (WMT), Abercrombie (ANF) Help Spark Market's Rally
Jeff Macke says the consumer is asleep but is showing a pulse. Going forward he likes McDonald’s (MCD) and Nike (NKE).
Karen Finerman recommends owning Wal-Mart (WMT).
- THE WEEK: METALS MANIA:
The headline: Alcoa (AA) Becomes Takeover Target After Rio Tinto (RTP) Thwarts Its Hostile Bid For Alcan (AL)
Guy Adami still likes Alcoa going into next week and Joy Global (JOYG).
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- THE WEEK: WEAK DOLLAR:
The headline: What Are Your International Plays As Dollar Plunges To Record Lows?
Pete Najarian recommends owning United Technologies (UTX), Honeywell (HON), 3M (MMM), Johnson Controls (JCI), General Electric (GE), Deere & Co (DE), Google (GOOG) and Apple (AAPL) going into next week because all these stocks have international exposure. Pete thinks consequently all these stocks will move higher
Guy Adami recommends Caterpillar (CAT).
Jeff Macke likes McDonald’s (MCD) and Hewlett-Packard (HPQ).
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- THE WEEK: ENERGY STOCKS:
The headline: ConocoPhillips, Energy Stocks All Rallying As Oil Hits 11-Month High...Conoco (COP) Announces $15 B Buyback This Week
Pete Najarian thinks Exxon Mobil (XOM) and ConocoPhillips (COP) will go higher. He also thinks the refiners will go higher on terrorism fears, Nigeria and rising oil prices.
Karen Finerman agrees and echoes that COP is a buy.
Guy Adami likes Flour Corp (FLR), McDermott (MDR) and Jacbos Engineering (JEC)
Jeff Macke reminds the panel that Eric Bolling likes Chevron (CVX) in this space.
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- THE WEEK: VIDEO GAMES:
The headline: Game Makers Scramble To Create Wii Content As Nintendo (NTDOY) Crushes The Competition...Activision (ATVI) Raises Forecast This Week on Strong 'Guitar Hero', Movie Game Sales
Jeff Macke likes Activision. He also likes Microsoft (MSFT) and Dinsey (DIS) on the news that they will directly download movies from the Xbox into your living room. He adds that Sony (SNE) is lagging and recommends selling SNE.
Pete Najarian likes NVIDIA (NVDA).
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ACKMAN AIMS AT TARGET:
The headline: Activist Investor Bill Ackman Reportedly Buys Significant Stake In Target (TGT); WSJ: Ackman May Push Target To Unload Credit-Card Division
Karen Finerman thinks Ackman is going to focus on capital allocation such as their credit card business and real estate. She also believes he has something else up his sleeve and consequently she’s long Target stock and long the July 70’s.
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A RUN THROUGH THE RUMOR MILL:
1) Buffett's Berkshire (BRK) Buying Into Hovnanian (HOV)
Karen Finerman says she’s skeptical of this rumor. However she wouldn’t be surprised if USG Corp comes into play.
2) Lazard (LAZ) Buyout
Guy Adami says options volume suggests to him that LAZ could be a takeover candidate. Then, Guy speculates LAZ could be bought by either Merrill Lynch (MER) or Goldman Sachs (GS).
3) Intersil (ISIL) and Sandisk (SNDK) Will Beat the Street Next Week
Pete Najarian says the options volume in Intersil and SanDisk suggest to him that investors are expecting good news.
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Trader disclosure: On July 13th 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), (DIS); Finerman's Firm And Finerman Own (COP), (C), (FTWR); Finerman's Firm Owns (AA), (AL), (BWS), (BAC), (HOV), (SKX), (WMT), (FL), (GE), (TGT) Finerman's Firm Owns S&P Puts; Finerman's Firm Is Short (RTP); Finerman's Firm Is Short (RIO)