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The Word On Oil's Big Drop, Kroger's... And More

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BORDER’S EARNINGS:

The headline:Borders Group (BGP) Said Tuesday First-Quarter Loss Widened As Sales At Established Stores Fell

The word: Jeff Macke says read books, but don’t buy their stocks

OIL LEAK:

The headline: Oil Plunges 3% To $63.15, Biggest Drop In 7 Weeks

The word: Eric Bolling says any sort of disruption (such as a hurricane) will cause gasoline to go up. He recommends investors buy refiners on any dip.



TAKEOVER, AISLE 3?

The headline: Kroger (KR), Biggest U.S. Grocery Chain, Jumps On Renewed Speculation It May Be A Buyout Candidate

The word: Pete Najarian says this stock traded 20,000 options, Tuesday. The volume suggests to Pete “something is going to happen.”

AGAINST THE WALL?

The headline:Wal-Mart (WMT) CEO H. Lee Scott Faces Pressure Over Lawsuit Allegations

The word: Jeff Macke compares the Julie Roehm lawsuit to Watergate. He thinks it could take down the empire. However, he adds if it takes down CEO Lee Scott, buy WMT stock. Click here to read more about the lawsuit.

THE BARRON’S EFFECT:

The headline:EMC Corp. (EMC) Receives Favorable Mention In Barron’s

The word: Guy Adami says he still likes this stock

EXCHANGING LOOKS:

The headline:NASDAQ (NADQ) Shares Drop On Report It May Face Rival Bid For OMX AB

The word: Eric Bolling says all exchanges are back in play and they’re mostly higher as a result. Pete Najarian likes the Chicago Mercantile Exchange (CME).

Symbol
Price
 
Change
%Change
CME
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EMC
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KR
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NDAQ
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WMT
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Trader disclosure: On May 24, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (CLF), (EMC), (INSP), (KR); Bolling Owns (ICE),(NMX), Gold, Silver
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