Fast Money Recap
'Fast Money' Recap: Up on the Farm
05/15/08 - 06:54 PM EDT
Deutsch said that as soon as a brand starts to feel like that of the acquiring company, the charm has worn off. He said he likes Coke's acquisition of Vitamin Water and Clorox's (CLX - Cramer's Take - Stockpickr) Burt's Bees purchase. Macke said he likes Molson Coors (TAP - Cramer's Take - Stockpickr) because it's beating Anheuser-Busch (BUD - Cramer's Take - Stockpickr). Adami said Hansen Natural (HANS - Cramer's Take - Stockpickr) could be a takeover target. With a major oncology conference coming up, Najarian said Celgene (CELG - Cramer's Take - Stockpickr) is a name to keep an eye on. He also told investors to take a look at Medarex (MDRX - Cramer's Take - Stockpickr) and Genentech (DNA - Cramer's Take - Stockpickr).
The Recession View
To talk about the overall economy, Zach Karabell, president of River Twice Research, joined the show. He said the recession, whether it's here or not, is not affecting Americans' desire to buy flat-screen TVs, and this plays into Corning (GLW - Cramer's Take - Stockpickr). Adami agreed that Corning is a good stock to own. Karabell also said that Americans are vacationing domestically. He said this means Disney's (DIS - Cramer's Take - Stockpickr) parks should benefit. Macke agreed, saying Disney is "crushing." Karabell was more skeptical of a Las Vegas casino trade in this environment.Trader Radar
BHP Billiton (BHP - Cramer's Take - Stockpickr) traded on extraordinary volume today. The traders tried to pick some trades for the future of the Internet. Macke said that innovative companies will often disappear quickly, and he's more interested in Intel (INTC - Cramer's Take - Stockpickr), which he said is a survivor. Adami agreed. Seymour recommended playing the China Internet buildout. He named companies such as Baidu.com (BIDU - Cramer's Take - Stockpickr) and Sohu (SOHU - Cramer's Take - Stockpickr). Najarian recommended Cisco as an infrastructure buildout play. For a more speculative venture, he suggested Imax (IMAX - Cramer's Take - Stockpickr).Fast Messages
One viewer asked if Freeport-McMoRan (FCX - Cramer's Take - Stockpickr) is a way to play steel. Adami said its molybdenum business makes it a way to play the sector. Another viewer asked about casino stocks. Macke said to avoid them.Final Trade
Macke chose the Short Dow30 ProShares (DOG - Cramer's Take - Stockpickr). Adami selected Citigroup (C - Cramer's Take - Stockpickr). Najarian suggested Sasol (SSL - Cramer's Take - Stockpickr).The trading panel looks at the dynamics of Carl Icahn's proxy challenge.
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