FORD TRADING IN JAGUAR?
The headline:Ford (F) Shares Rise On Reported Plans To Sell Volvo, Jaguar, Land Rover Brands
The word: Guy Adami believes selling these luxury brands is probably a good thing in the short term. Pete Najarian likes Daimler (DCX) for it’s diesel technology
IT'S NOT A GOOD THING:
The headline:Macy's (M) Delays Building Model Homes Displaying Martha Stewart's New Product Line
The word: Jeff Macke says something is going on at Macy’s and recommends owning Saks (SKS) instead.
THE OTHER COMMODITIES:
The headline: Corn, Wheat Cocoa, Nickel Jump Today
The word: Eric Bolling says 40% of the world’s cocoa comes from Ivory Coast which is a divided country. Consequently, he expects the geo-politics to drag down shares of Nestle and Hershey (HSY).
Eric adds the USDA came out with a bearish report on corn which is bad news for ethanol and good news for Archer Daniels Midland (ADM).
NUCOR POOR FORECAST:
The headline: Steelmaker Nucor (NUE) Plunges On Weak Forecast
The word: Guy Adami says they guided lower blaming autos and homebuilders and sees further room in NUE on the downside.
The headline:Crocs (CROX) Shares Jump After Piper Jaffray Boosts Price Target
The word: Pete Najarian says this stock is in the midst of a short squeeze and he recommends not getting involved.
THE WAR THAT NEVER WAS:
The headline: According to Wall Street Journal: GE (GE), Microsoft (MSFT) Briefly Discussed Challenging Rupert Murdoch For Dow Jones
The word: Jeff Macke says everyone wants to take a shot at Rupert. He adds Dow Jones (DJ) is worth more to Rupert than anyone else.
The headline:Blackstone (BLV) CEO Stephen Schwarzman Set To Earn As Much As $677.2m From IPO; Blackstone Shares Expected To Begin Trading In 2 Weeks
The word: Eric Bolling says don’t be a buyer of BLV.
ONE GIANT STEP FOR MANNKIND:
The headline: Biotech Firm MannKind (MNKD) Soars 15% On Unusual Options Activity
The word: Pete Najarian says this stock has been moving since last Thursday and believes it’s on data coming this week on the company’s diabetes drug.
$1.8B CENTRAL PARK WEST:
The headline: 15 Central Park West Sells For $1.8B, Most For Any New Residential Building
The word: Eric Bolling says it’s a sign of the times. There’s a lot of money out there.
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Trader disclosure: On June 11 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 (MNKD), (AAPL), (VSE), (ELN), (MYGN), (TXN) Bolling Owns Sugar, (BP); Bolling Is Short S&P And Nasaq Futures; Bolling Has Closed Out Of His Coffee Trade
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