Trade Updates: NYMEX, Citi Trends, Father's Day Plays
Citi Trends (CTRD)
The urban retailer priced a secondary stock offering this week, about a month after Guy Adami recommended the stock. He liked it then and he would stick with it now, he says.
NYMEX (NMX)
Bloomberg News reported todaythat NYMEX may sell itself to NYSE Euronext, Deutsche Boerse, or the Chicago Merc (CME).
On Wednesday, Guy Adami and Eric Bolling both predicted the NYMEX would get taken out in the near future. And when James Newsome, CEO of NYMEX Holdings, came on Fast Money two weeks ago, he said “everything is on the table” with regard to a deal - fueling more speculation that a merger is in the works.
Father’s Day Plays
Winnebago (WGO) shares dropped after earnings missed estimates; La-Z-Boy (LZB) will report earnings Tuesday. Guy thinks LZB is a buy and Eric would sell WGO because of high gas prices.
Trade Updates
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| CME | CME Group Inc | 214.92 | +2.85 | +1.34% |
| LZB | La-Z-Boy Inc | 35.85 | +0.65 | +1.85% |
| WGO | Winnebago Industries Inc | 59.86 | -0.02 | -0.03% |
Trader disclosure: On June 15, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (TIE), (AAPL), (CCJ), (EEM), (INTC), (SXR:TN), (TWX), (USU), Gazprom, (MBT), (MTL), (GLD), (VIP); Red Star Asset Management Is Short (EEM), (MBT), Gazprom; Bolling Owns (ICE), (NMX), (MPEL), (T), Sugar; Najarian Owns (CHL), (EMC), (MS), (.VIX)
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