Tuesday, July 17, 2007

Fast Money Recap July 17

  • INTC great earnings but it pulled back AH
  • YHOO dropped after earnings
  • Buy dip in financials
  • Gas prices dropping, crude pricing rising, trade COP
  • Dow is going up due to global economic growth
  • Rates in Brazil going down, trades: BBD, ITU
  • Stay away from big pharma PFE, WYE and large cap biotechs DNA, and get BIIB, GILD, AMLN
  • Chemical take over targets: CE, LZ, EMN
  • Plays on baby boomers: ZMH call activity due to take over speculation
  • Final trade: INTC, WWE, TKC

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