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No. 3 - The Revenge Trade

It was five years ago this month that The Gap (GPS) dumped CEO Mickey Drexler. Today, the struggling casual clothing chain found out just how big a mistake that was. Drexler, now the chief at J. Crew (JCG), guided that retailer to 10% surge Friday after its earnings trounced Street expectations. How can you profit from Drexler's sweet revenge?

Jeff says J Crew stock is up 150% since their IPO last Summer. And their goods look incredible.

Karen Finerman adds since Drexler left Gap the company has reported some of the worst same store sales month after month.

Both agree the trade is long J Crew and short The Gap because "Drexler is a ticked off genius with something to prove!"

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Trader disclosure: On June 1, 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 (MU), (BTU), (AAPL),(KR), (SWY) Macke Owns (SWY) Finerman Owns (AAPL), (CAT), (HOV) Finerman's Firm Owns (DJ), (TOL), (USG), (WMT), (BJ); S&P Puts, Finerman's Firm & Finerman Own (TYC), (HD), (FLS); CNBC Is A Service Of NBC Universal And Dow Jones