Fast Money Recap June 21

• Blackstone group (BX) highly oversubscribed IPO, everyone wants to own a piece, Macke says don't buy what smart guys are selling, Najarian suggests not to buy for the same reasons as FIG
• Chip stocks exploded without news, NSM stock exploded when it reported, people are betting on the upside in MU and CY
• We are returning to growth phase, the first sector to get hot is chips, look at SMH
• Favorite names in chip space: INTC, NVDA, IBM, Vmware IPO coming up
• DJ deal will get done the question is about price
• Can still own SJM even after the current rise
  
• TXT got order for planes fron NetJets, price target $140
• WMI has fantastic chart, also look at CVA
• Nikkei (Japan) hit 7 year high, EWJ is the ETF on Japan which has lagged, TM, NTDOY, SNE
• Casual dining like DRI, CKE, SONC got hit hard today due to lesser consumer spending and they are vulnerable to rising gas prices and interest rates
  
• Educational plays: CECO, COCO, STRA, ESI
• Final trade: USU, HON, BMY, HAS