Fast Money Recap June 22

• BX is a great story but don't buy
• M up on take over speculation, but unlikely
• Infrastructure plays: MDR, JEC, FLR, SGR
• Short FINL as they are buying GCO, a company twice its size, financed purely with debt, similar thing happened in movie rental space and it was a disaster, may be long FL
  
• Diabetes drug is a huge area, AMLN is a pure play on diabetes drug, AMLN with LLY has developed Byetta, which contains chemicals originally found in the saliva of Gila Monster (a lizard), this drug has to be taken twice a day, the drug also helps lose weight, also working on once a week version with ALKS
• Scenario: Congress passes law that essentially taxes all the money made by private equity and hedge fund managers at the income tax rate rather than capital gains rate: Buy blue chip stocks with international exposure like PEP, GE, QCOM, SLB, GSK, SI, UL, sell local REITs. Grade: C, the correct answer would have been selling luxury item vendors and companies like New York apartments, luxury boats, planes, BID etc, PE and HF $$$ is funneling into these
• Scenario: Russia built a Nat Gas pipeline to China, buy and sell? This a perfect marriage between low cost energy and an economic growth engine, buy Gazprom, which controls 95% of Russia's Nat Gas market, also Aluminum because energy is the cost driver in its production, AA, AL, selling BTU, PTR. Grade: A, could be a matter of time and the pipeline is a possibility
• Final trade: FL, NKE, BP, HD