Kerkorian Ups Ante
The news: Kirk Kerkorian Expresses Interest In Buying Two MGM Properties
The word: Pete Najarian likes Las Vegas Sands (LVS) on this news. It hasn’t been moving and Pete thinks it’s going to benefit now.
Pain In the Pump
The news: Gas Prices Reach Record Highs Before Summer Driving Season
The word: Other than the obvious big names like Valero (VLO) and ExxonMobil (XOM), Eric Bolling recommends Hess (HES) and Western Refining (WNR). As prices don’t even tend to hit the pump for another 20 to 30 days, these companies will continue to print money, he says.
A Super Value?
The news: WSJ ‘Heard On the Street’ Questions Supervalu’s Valuation
The word: Jeff Macke isn’t biting. Of course you can be negative on the supermarkets after a 40% rally, he says, but he would still buy Supervalu (SVU), along with Kroger (KR) and Safeway (SWY) on a dip.
Glaxo’s Drug Problem
The news: FDA Knew Risks of Glaxo’s Avandia
The word: Guy Adami says despite the Avandia issues, the bottom line is that Glaxo (GSK) has a market cap of $150 billion and a ton of drugs in its pipeline. He thinks the stock is compelling on a valuation basis $3 from where it is now. The buying opportunity is coming soon, he says.