Fast Money Recap & Review
Posted on July 21, 2007 at 12:22 PM EDT
Top 3 - AT&T Breakout Next Week, Are The Arches Still Golden and Potter Payout Three weeks since the iPhone as gone on sale and Apple ( AAPL ) is up 17% but we do not see AT&T ( T ) benefiting at all. Pete Najarian doesn't want us to put any money into T . He called Sandisk ( SNDK ), Broadcom ( BRCM ) and ASML Holdings ( ASML ) plays with APPL as it reports Wednesday. Macke does not think it was a great deal for T . Seymour feels that there could be present upside surprise for T . Top three #1 video. Right now McDonald's ( MCD ) shareholders are up 50% this year despite high gas prices and food prices. They report on Tuesday with The Cheesecake Factory ( CAKE ) and Wendy's ( WEN ). Macke likes MCD the best out of these stocks. The international exposure has Pete Najarian recommending MCD also. Seymour thinks that soft commodity prices could harm fast food prices. The whole panel told Ratigan to "beware CAKE ." Top three #2 video. The 7th and final Harry Potter went on sale midnight Friday and fans have been lining up for days along with ordering online for over a year. Will the publisher Scholastic Corporation ( SCHL ) die with the Harry Potter series? CNBC Julia Boorstin joined the show and she told us that SCHL does not overly depend on Potter for sales. Barnes and Noble ( BKS ) and Amazon.com ( AMZN ) are discounting the books. Macke told us to stay out of bookstores and the only way to trade this is FedEx Corporation ( FDX ). Last Boorstin stated that SCHL could be a private equity target. Top three #3 video. Word On The Street Friday's headlines analyzed by the panel and linked here. Part one here . Part two linked here . Fast Fire The panels misfires recapped here. Naked Short A $3 billion lawsuit by the CEO of Overstock.com, Inc. ( OSTK ) moved forward against major Wall Street banks for "naked shorting." Ratigan went to the streets and nobody seemed to know. Ratigan told us that "fundamentally, a naked short is a bet that a stock is going down - without the money to back it up." The SEC definition was posted as "In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due; this is known as a "failure to deliver" or "fail." If you believe Jon Najarian this will soon be illegal. Final Trade A position of Microsoft Corporation ( MSFT ) should be added according to Macke. The Clorox Company ( CLX ) was chosen by Pete Najarian on recent options volume. Jon Najarian on the other hand picked Zimmer Holdings, Inc. ( ZMH ) and Rowan Companies, Inc. ( RDC ). Last Seymour thinks Friday's dip should have us buying Stillwater Mining Company ( SWC ).