Fast Money Recap June 18

• YHOO CEO stepped down, for next 6 months every news will be ok news, can go long but if gets to $32 get out, rumors that they are looking at Facebook for about $10bil
• With oil at $70, buy XLE and OIH, new money going into them
• Keep an eye on BIDU, CHL, CHU, there is a lot of upside there
• Downgrade of BTU is profit taking, longer term is a great stock, also ACI
• Looks like BluRAY will win the DVD war, this is great for SNE
• FINL acquiring Genesco (GCO), this makes FL more compeling
• Looking at LEH and GS earnings MS will have monster earnings and big move up then will be a time to get out
• There is still to buy AA even when they are in take over talks with BHP, there are other names to look at soon as this deal is done: CLF, RYI, TS; Also FCX is great company which stole PD
• Summer trade: NTDOY, GME, TOPP
• POOL's business is a growth industry
• Interest rates seemingly going higher, stay away from housing stocks
• Trades on UK: JSAIY, AZN, ALGN, BTI
• Final trade: MS, FCX, YHOO