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Dow Comeback

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DOW COMEBACK:

The headline: Dow Rebounds With 76-Point Gain as Drug, Financial, Mining, Railroad Shares Jump... Dealmaking, Optimism on Earnings Take Dow Within 100 Points of Record

Eric Bolling says speculation of mergers and tax receipts lifted the market higher.

Pete Najarian says internationally exposed stocks moved today; names such as 3M (MMM) and Honeywell (HON).

LESS THAN WHOLESOME:

The headline: Whole Foods (WFMI) CEO MackeyAssumes False Identity And Goes Into Internet Chat Room Talking Up His Stock

Jeff Macke says this is the first time he’s heard of something like this.

Eric Bolling says the guy is having fun on the internet.

AFTER HOURS ACTION: WHAT'S 'YUM' IN CHINESE?

The headline: Yum! (YUM) Surges After Hours on Strong Pizza Hut, KFC Sales in China

On May 28th Yum! Brands (YUM) Chief Financial Officer Rick Carucci told the Fast Money traders, “We are fortunate that we have a great buisness success in China. We've been in China for 20 years...we believe our infrastructure is a huge advantage because (we're in) 30 provinces for KFC and over 400 cities. And we are there first, before anyone else.”

> Read the whole interview from May 28, 2007

Eric Bolling says YUM is a stock to watch because there is speculation they will do a buy back

Jeff Macke tells Eric that companies which are performing well fundamentally, don’t need to buy back stock.

Symbol
Price
 
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YUM
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AFTER HOURS ACTION: GAPPING DNA

The headline: Genentech (DNA) Shares Rise After Hours on 41% Profit Surge

Pete Najarian says the company beat numbers, but he’s keeping an eye on PDL BioPharma(PDLI), Biogen (BIIB) and OSI Pharmaceuticals (OSIP) because they have drugs tied in with Genentech.

Guy Adami thinks at some point DNA will be a buy, but it’s not now.

Symbol
Price
 
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DTST
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PDLI
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MOTOROLA WARNS:

The headline: Motorola (MOT) Drops After Hours Following Sales, Profit Warning

Guy Adami recommends owning MOT here with a downside of $17, but adds it’s a volatile name to own.

None of the other traders like this stock.

Symbol
Price
 
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%Change
VANG SC VAL
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AL
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NUE
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STEELMAKERS & DEALMAKERS:

The headline: Nucor (NUE), Steel Shares Rise After Gerdau Ameristeel (GNA) Says It Will Buy Chaparral For $4.2B... Alcan (AL) Reportedly May Be Caught in Bidding War Between Alcoa (AA),Rio Tinto (RTP)

Eric Bolling says Alcan is the object of everyone’s fancy. He says the best trade is Alcan right now.

Symbol
Price
 
Change
%Change
VANG SC VAL
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AL
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NUE
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PLAYTEX IN PLAY:

The headline: Playtex (PYX) CEO Cancels Presentation At CIBC Conference, Sparking Takeover Talk

Pete Najarian says the CEO canceling his speech was very strange and a lot of options activity followed; with traders buying the upside.

Also he’s keeping an eye on New York Bancorp (NYB) because on Wednesday the stock moved lower but options went higher.

Symbol
Price
 
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%Change
NYCB
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SALLIE MAE NOT GETTING HITCHED:

The headline:
SLM Corp. (SLM) Plunges 10% After Buyers Says Congress Not Making Deal Worth It Anymore

Guy Adami says the play is selling First Marblehead (FMD) into the strength.

Symbol
Price
 
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FMD
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TRADE UPDATE: ZUMIEZ ZOOMS:

The headline: Zumiez (ZUMZ) Shares Jump After Sales Nearly Double Expectations...What's the Trade on Retail Sales Wednesday Before the Bell?

Jeff Macke says sell this stock for a trade, but stay long as an investment.

He adds on tomorrow’s retail sales numbers buy Costco (COST) and Saks (SKS).

Symbol
Price
 
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COST
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SKS
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ZUMZ
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TRADE UPDATE: IS FEDEX A TAKEOVER TARGET?

The headline: FedEx (FDX) Breaking Out This Week After Barron's Piece Says It May Be A Buyout Candidate

Guy Adami says Fedex is cheaper than United Parcel Service (UPS) on a valuation basis – on that alone Guy recommends owning FDX.

Symbol
Price
 
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%Change
FDX
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UPS
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WILL ICE MELT INTO NYMEX?

The headline:Intercontinental Exchange (ICE) Surges Amid Speculation It Could Be Attractive Takeover Target For NYMEX (NMX); ICE's Quest For CBOT (BOT) Ended This Week When Shareholders Approved Chicago Mercantile Exchange (CME) Bid

Eric Bolling says NYMEX and ICE are in play. Pete Najarian agrees and says, he thinks all exchanges are in play.

Symbol
Price
 
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CME
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ICE
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GAUCHE TO REJECT ROCHE?

The headline: Ventana Medical Systems (VMSI) Rejects $3B Roche (RHHBY) Bid Despite 50% Premium

Pete Najarian says the stock went up after turning down the bid and that says to him the stock has more upside opportunity.

Guy Adami thinks a white knight will come in for this company.

A CRIME AGAINST HUMANITY:

Willitblend.com Puts iPhone In A Blender...And Yes, It Blends

Pete Najarian says the trade is Immersion Corp. (IMMR) for its touch screen technology as well as Smith’s Micro (SMSI)

Guy Adami adds IMMR is an intellectual property play and he likes it.

Symbol
Price
 
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%Change
VOW3
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IMMR
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SMSI
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Trader disclosure: On July 11th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Macke Owns (EMC), (DIS), Najarian Owns (DNDN), (IMMR); Bolling Owns (ICE), (NMX), (DIS), (XOM), Gold, Silver, Copper, Corn; CNBC Is A Service Of NBC Universal And Dow Jones; NBC Universal Is The Parent Company Of CNBC