Jeff Macke isn’t convinced a buyout is coming, but he would get long TIF anyway. If it can turn its Japanese business around, the stock should go even higher, he says.
Like it or not, the global economy is disproportionately propelled by the rich, Guy Adami says. And that bodes well for companies like Tiffany’s, which can see great upside even on tumultuous days for the overall market.
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Trader disclosure: On June 25 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 (.VIX), (TIF) Bolling Owns (SZE), (VE), Gold; Bolling Is Short (FXI) And Owns (FXI) Puts; Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures; CNBC Is A Service Of NBC Universal And Dow Jones; GE Is The Parent Company Of CNBC