Top 3 - Move Over Mickey, Room For Both “Wals” and Bad Fish Trade
The Walt Disney Company (DIS) has lagged this year mostly due to the company’s growth strategy. They have expanded by now having a $7 billion merger with Pixar. The movie “Ratatouille” comes out soon and CNBC’s Julia Boorstin joined the show. Boorstin does not see any single movie justifying a $7 billion investment but the Pixar creativeness is just what DIS needs. Adult tie-ins like “Ratatouille” wine and cheese selling at Costco Wholesale Corporation (COST). Macke believes it will be a bust, but Adami thinks Macke might be surprised. Bolling thinks DIS is an own at $30 not here. Najarian is a fan of Time-Warner Inc. (TWX) more.
Top three #1 video.
Strong pharmacy sales growth had Rite Aid Corporation (RAD) surprising the Street with a profitable first quarter. They asked if RAD and Walgreens Company (WAG) can survive with Wal-Mart (WMT) in the mix. Adami likes RAD because of the Eckerd deal that will save them $150 million a year and national exposure. Macke came in liking the stock as well. For an under-$10 stock Bolling thinks it not bad.
Top three #2 video.
Products from China recently have been tainted and now the FDA issued an alert concerning tainted seafood such as shrimp and catfish. Bolling told us because they closed food processors voluntarily in China he thinks they will not ignore the problem. If any deaths happen Democrats may jump in and advocate trade protectionism with Macke agreeing. Najarian told us not to trust consumption products from China but Baidu.com, Inc. (BIDU) is worth a look.
Top three #3 video.
Word On The Street
Today’s headlines analyzed by the shows cast. Part one here. Part two linked here.
Face2Face
Viewers questions answered by the panel linked here.
Michael Moore
Whatever your idea of Micheal Moore his documentaries get attention. Today he came to Wall Street to encourage investors to dump their health insurance stocks. Macke pointed out that Moore is asking investors to decide based on social concerns rather than profit motives and he called this ridiculous. The conversation got fierce over the visit to Wall Street. Macke recommended buying health insurers on any dip.
Moore video.
Gerber Scientific, Inc. (GRB) Chief Executive Marc Giles joined the guys for a conversation. The company’s earnings have jumped 41% because of growth. His interview is linked here.
Final Trade
Ford Motor Company (F) was Macke’s pick due to skepticism on the stock. The touch screen maker Immersion Corporation (IMMR) was the choice from Najarian. Adami recommended Dell Inc. (DELL). Last Bolling called Chevron Corporation (CVX) a buy.
Final video.