Lehman Brothers (LEH) kicks off broker earnings Thursday before the bell. Will the credit crunch drag down their numbers?
Long Goldman (GS) and short Lehman says Karen Finerman. I think there is bad news coming out of Lehman. Thursday is a chance for them to come clean on their subprime exposure.
I agree says Guy Adami. He anticipates that Lehman shares will drop.
Pete Najarian explains that he will watch options action closely early in the week before he makes a LEH trade.
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Trader disclosure: On Dec. 7, 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 (INTC), (ATVI), (DIS); Najarian Owns (TGT) Options, (XMSR) Options, (BSC) Options, (EMC) Options; Finerman's Firm And Finerman Own (GS), (PLCE),(EL),(CROX),(JWN); Finerman's Firm Owns (KSS), (SKS), (WMT); Finerman's Firm Is Short (SPY), (IJR), (IYR); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (BIIB) Options; Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC.
