THE ROAD TO 14,000:
The headline: Dow Climbs 44 Points to 13,950.98, But Rest of Market Little Changed Before Earnings. The Dow Approaches 14,000 Less Than Three Months After Reaching 13,000
Karen Finerman echoes that the Dow moved higher but the rest of the market didn’t do anything.
Eric Bolling expects to see really good numbers this earning’s season.
- TAKE YOUR POSITION: INTEL:
The headline:Intel (INTC) To Report 2nd-Quarter Earnings Tomorrow After The Bell
Jeff Macke thinks INTC’s forward guidance will be positive.
Pete Najarian says broad line sales for chips have been phenomenal and computer sales have been strong. For those two reasons, he thinks INTC numbers will be strong.
- TAKE YOUR POSITION: YAHOO:
The headline: Yahoo (YHOO) To Report 2nd-Quarter Earnings Tomorrow After The Bell
Eric Bolling says YHOO hasn’t bought any user generated content such as Facebook.com. He recommends avoiding this stock before earnings and buying a little on a dip.
Jeff Macke says buy Google (GOOG) instead.
- TAKE YOUR POSITION: UNITED TECHNOLOGIES:
The headline: United Technologies (UTX) To Report 2nd-Quarter Earnings Wednesday Before The Bell
Pete Najarian says the August 80 calls were extremely active in this stock. Consequently he expects good news from UTX.
- TAKE YOUR POSITION: COCA-COLA:
The headline: Coca-Cola (KO) To Report 2nd-Quarter Earnings Tomorrow Before The Bell
Pete Najarian says KO’s international exposure is very positive. He adds the July 55 calls were extremely active and consequently he expects good news.
Karen Finerman likes KO as well as Kraft (KFT).
- TAKE YOUR POSITION: ASML:
The headline: ASML Holding (ASML) To Report 2nd-Quarter Earnings Wednesday Before The Bell
Pete Najarian thinks this stock is ready to break thought its 2001 highs. He expects good earnings from this company.
Jeff Macke likes Intel (INTC) better.
TRADIN' GOOD IN THE NEIGHBORHOOD:
The headline: IHOP (IHP) Soars On Deal To Buy Applebee's(APPB) For $2.1B; IHOP -- Half the Size of Applebee's -- Plans to Sell Most Company-Owned Restaurants to Franchisees
Karen Finerman likes this deal because she feels IHP management has done a phenomenal job of getting their house in order. She calls it an exciting story however she counsels the panel to wait for a pull back before buying IHP.
THEY'RE LOVIN' IT:
The headline:McDonald's (MCD) Reports 8.4% Surge In June Same-Store Sales; McDonald's Expects 2nd-Quarter Earnings To Top Estimates, Excluding Items; McDonald's To Report 2nd-Quarter Earnings Next Tuesday
Jeff Macke says MCD is experiencing a nice tail wind from the weak dollar as well as strong growth. All the traders agree – they like this stock.
The headline: NASDAQ, (NDAQ) Which Has Trailed Other Exchange Stocks, Jumps 2% Today
Pete Najarian says NDAQ doesn’t have to be a takeover candidate to make the stock move up. He says they could partner with a foreign exchange and that would send the stock higher.
Eric Bolling adds that NDAQ is the only stock in the sector that doesn’t perform.
The headline: China Suspends Certain Meat Imports From Tyson (TSN), 6 Other U.S. Food Companies
Eric Bolling says it’s a political move. He thinks China is banning consumption products instead of imposing tariffs to flex political muscle.
HOT WHEELS, HOT STOCK:
The headline: Mattel's (MAT) 2nd-Quarter Profit Jumps 15% On Barbie, Hot Wheels Sales
Jeff Macke says “boy” toys led for Mattel. He explains that bodes well for Hasbro (HAS) which sells Transformers and many other toys for young men.
The headline: Uranium Prices Fall For 2 Consecutive Weeks, 1st Time Since May 2001
Eric Bolling says if you own Cameco Corp. (CCJ) stay in it until the stock drops to $42. If you don’t own it, Eric says buy this dip. (It’s worth noting CCJ closed at $48.49 on Monday July 16th)
The headline: Paper, Lumber Stocks Surging This Year
Pete Najarian says Weyerhaeuser (WY) and other lumber stocks have had a great run. He recommends waiting for a pullback before buying these names
Eric Bolling likes Plum Creek Timber (PCL) and Rayonier (RYN) in this space.
EMAIL: THE REIT STUFF?
Marcela and George write,
"Dear Handsome Men,
We've got several REITs in our portfolio, because they pay nice dividends. What should we do with them in light of the "subprime mortgage" crisis?"
Karen Finerman says she’s short iShares Dow Jones US Real Estate (IYR) because she doesn’t thinks it’s a big stretch to see subprime fear creep into REIT’s. She emphasizes just the fear, not actual subprime exposure.
Eric Bolling agrees.
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Trader disclosure: On July 16th 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), Bolling Owns (DIS), (ICE), (MPEL), (NMX), (T), (XOM), Corn; Bolling Is Short (FXI) And Owns (FXI) Puts; Finerman's Firm And Finerman Own (C ) (FTWR); Finerman's Firm Owns (KFT); (MO); (GLNG); S&P Puts; Russell 2000 Puts; (TGT) Calls, Finerman's Firm Is Short (IYR)