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"Fast Money" Picks and Results

Here are the picks for Thursday and Tuesday’s results

Jeff Macke recommends Disney (DIS) going into the holiday weekend because of its theme parks and that rat movie. Open $34.54

Pete Najarian says watch Hilton (HLT) this weekend because “someone is looking” at the hotel chain. Open $36.05

Guy Adami reiterates his bullishness on Freeport-McMoRan (FCX) Open $85.10.

Eric Bolling calls Chevron (CVX), the “best energy name on the board.” Open $86.33

Here is how Monday’s picks fared Tuesday:

Jeff Macke liked McDoanld’s (MCD) Open $51.38 Close $41.40 Gain $.02

Pete Najarian recommended Quiksilver (ZQK) because he thinks they’re a takeover target. Open $14.36 Close $14.32 Loss $.04

Guy Adami recommended Freeport-McMoRan (FCX). Open $84.68 Close $85.10 Gain $.42

Eric Bolling liked Synchronoss Technologies (SNCR) which he thinks is as a takeover target. Open $28.59 Close $33.04 Gain $4.45

Records:

Since my tracking began on 6/21 (1-1 means one up pick and one down pick)

Adami= 5-4 Gain $29.72
Bolling= 5-3 Loss $6.18
John Najarian= 6-3 Gain $2.57
Macke= 9-5 Gain $6.74
Pete Najarian=3-0 Gain $20.20
Seymore= 1-0 Gain $.35
Finerman= 0-1 Loss $.18

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The Declaration Of Independence

In the honor of our great nation’s birth, this will be the only post today

IN CONGRESS, July 4, 1776.

The unanimous Declaration of the thirteen united States of America,

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our Brittish brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.

The 56 signatures on the Declaration appear in the positions indicated:

Column 1
Georgia:
Button Gwinnett
Lyman Hall
George Walton

Column 2
North Carolina:
William Hooper
Joseph Hewes
John Penn
South Carolina:
Edward Rutledge
Thomas Heyward, Jr.
Thomas Lynch, Jr.
Arthur Middleton

Column 3
Massachusetts:
John Hancock
Maryland:
Samuel Chase
William Paca
Thomas Stone
Charles Carroll of Carrollton
Virginia:
George Wythe
Richard Henry Lee
Thomas Jefferson
Benjamin Harrison
Thomas Nelson, Jr.
Francis Lightfoot Lee
Carter Braxton

Column 4
Pennsylvania:
Robert Morris
Benjamin Rush
Benjamin Franklin
John Morton
George Clymer
James Smith
George Taylor
James Wilson
George Ross
Delaware:
Caesar Rodney
George Read
Thomas McKean

Column 5
New York:
William Floyd
Philip Livingston
Francis Lewis
Lewis Morris
New Jersey:
Richard Stockton
John Witherspoon
Francis Hopkinson
John Hart
Abraham Clark

Column 6
New Hampshire:
Josiah Bartlett
William Whipple
Massachusetts:
Samuel Adams
John Adams
Robert Treat Paine
Elbridge Gerry
Rhode Island:
Stephen Hopkins
William Ellery
Connecticut:
Roger Sherman
Samuel Huntington
William Williams
Oliver Wolcott
New Hampshire:
Matthew Thornton

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Today’s 52 Week lows

Here is the list of today’s cellar dwellers


Bold
means repeat offenders:

Lennar (LEN)

Hovnanian Homes (HOV)

Beazer Homes (BZH)

Discover Financial Services (DFS)

Standard Pacific (SPF)

Movie Gallery (MOVI)

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Dow Chemical Completes Acquisition

If Liveris says it will happen, it will.

Dow Chemical(DOW) announced on Monday it has completed the purchase German chemical maker Bayer AG’s (BAY) Wolff Walsrode cellulosics business for about $725 million including the assumption of debt and pension commitments. They also announced the launch of a new specialty business unit, Dow Wolff Cellulosics, a specialty business unit with over $1 billion in annual sales. It is a combination of the Wolff Walsrode business and Dow’s water-soluble polymers business.

The acquisition, which is expected to add to earnings within a year, is in-line with Midland, Michigan-based Dow’s strategy of growing its specialty chemicals business.

This is yet another move by CEO Andrew Liveis that is perfectly in keeping with his announced strategy for DOW. In April he said on CNBC to David Faber, “We have put the company back in charge of its own future which includes, acquisitions. Now, acquisitions of what companies or what businesses? You’ve read the strategy I am sure and you just implied it when you referred to GE plastics, we are looking for downstream businesses that provide earnings growth and earnings momentum that compliment our own businesses…..”

“…. I won’t comment on any specific deal (after being asked about his interest in GE Plastics) but with over 60 deals in the works, we are looking at everything. It is the deals we haven’t done that are the most instructive. This is a company that financial discipline and making sure that the deals we do do, fit our strategy and we are not just going to come around and buy whatever is available. Now, having said that, look at the profiles, look at the downstream businesses, we are not interested in more commodities, we are interested in technology rich downstream businesses.”

Liveris has also said the any acquisition Dow would make “must be immediately accredive to earnings” and this one again fits the bill perfectly.

Liveris has said he wants a coatings and a water business of $3 to $4 billions each. This only means one thing, more Dow acquisitions in the near future using it’s growing cash pile. How can I be so sure?

To date, everything Liveris has said has come to fruition, there is no reason to start doubting him now.

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Today’s Upgrades & Downgrades

Here is late yesterday’s and this mornings analyst calls

Upgrades:

Trump Entertainment TRMP Brean Murray Hold » Buy

Avon Products AVP Bernstein Underperform » Mkt Perform

Siemens AG SI Lehman Brothers Equal-weight » Overweight

Northstar Realty NRF Wachovia Mkt Perform » Outperform

Business Objects BOBJ UBS Neutral » Buy

Downgrades:

Toll Brothers TOL Citigroup- Buy » Hold

Ryland Group RYL Citigroup- Buy » Hold

Pulte Homes PHM Citigroup- Buy » Hold

Lennar LEN Citigroup- Buy » Hold

KB Home KBH Citigroup- Buy » Hold

DR Horton DHI Citigroup- Buy » Hold

Hovnanian Enterprises HOV Citigroup- Buy » Hold

Camden Property CPT UBS- Buy » Neutral

BRE Properties BRE UBS- Buy » Neutral

Cache CACH Sun Trust Rbsn Humphrey Buy » Neutral

HCR Manor Care HCR Wachovia Outperform » Mkt Perform

Caterpillar CAT UBS Neutral » Reduce

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Blockbuster Shareholders Now Have Hope

Finally, Blockbuster (BBI) gives investors a reason to smile. In a Carl Icahn lead revolt, John Antioco was finally fired as chief executive officer and chairman of Blockbuster on Monday, ending a tenure that was highly criticized from the billionaire investor who owns 9.6% of the outstanding shares. Antioco’s leadership was marked by company shares plummeting 82.9% over the past five years.

James Keyes, who will replace Antioco previously served as president and chief executive of 7-Eleven. Shares of the Blockbuster jumped 3.5%, or 15 cents, to close at $4.46 on the news. Said Icahn, “Jim is results-oriented, strategic and able to identify practical, yet highly creative solutions to complicated business problems,”

In an apparent change to Antioco’s reluctance to close stores, Keyes said “as the technology continues to evolve it will be my job to have Blockbuster front and center as a player in those areas of technology”.

Under Keyes’ leadership as president and CEO of 7-Eleven from 2000 to 2005, the company experienced record sales and profits and implemented new retail systems technology that improved product assortment decisions in every store. He also ushered in a new era for 7-Eleven through the introduction of a host of new electronic services, which helped the convenience-store chain become as well known for its cutting-edge use of technology as for Slurpees®. Additionally, he collaborated with manufacturers across all merchandise categories to develop new products, enabling the company to introduce as many as 50 new items each week in advance of the competition. When Keyes retired upon the sale of the company in 2005, 7-Eleven had produced 36 consecutive quarters of same-store sales increases and had some 6,000 franchised and company-owned stores in the U.S. and Canada with 30,000 stores worldwide.

This is a move that could really pay off for shareholders. If nothing else, he cannot screw things up there any more than they are now. For under $5 a share, it just might be worth taking a gander. I want to see what Keyes will do, I want to see more that 290 stores closed this year. Double it and I become a buyer.

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"Fast Money" 7/2

Here are today’s picks and results to date:

Jeff Macke likes McDoanld’s (MCD) Open $51.38.

Pete Najarian recommends Quiksilver (ZQK) because he thinks they’re a takeover target. Open $14.36

Guy Adami recommends Freeport-McMoRan (FCX). Open $84.68

Eric Bolling likes Synchronoss Technologies (SNCR) which he thinks is as a takeover target. Open $28.59


Here is how Friday’s picks fared Monday:

Jeff Macke recommended adding tech positions and says Hewlett Packard (HPQ), Open- $44.62 Close $45.19- Gain $.57, Dell (DELL) Open- $28.55 Close $28.93- Gain $.38 and Intel (INTC) Open- $23.74 Close $24.27-Gain $.53

Pete Najarian likes China through the Beijing Olympics. He recommends China Mobile (CHL) Open- $53.90 Close $55.27- Gain $1.37, China Unicom (CHU) Open- $17.23 Close $17.63- Gain $.40 and Baidu.com (BIDU) Open- 167.98 Close $186.41- Gain $18.43.

Guy Adami recommends Cisco (CSCO) Open $27.85 Close$37.89- Gain $.04

Jon Najarian liked Disney (DIS) Open $34.14 Close $34.52- Gain $.38

Records:

Since my tracking began on 6/21 (1-1 means one up pick and one down pick)

Adami= 4-4 Gain $29.28
Bolling= 4-3 Loss $1.73
John Najarian= 6-2 Gain $2.61
Macke= 8-5 Gain $6.72
Pete Najarian=3-0 Gain $20.20
Seymore= 1-0 Gain $.35
Finerman= 0-1 Loss $.18

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Today’s 52 Week Lows

Here are today’s cellar dwellers. It is a homebuilding deluxe…

Meritage Homes- MTH

Lennar- LEN

Hovnanaian- HOV

Beazer Homes- BZH

American Home Mtg.- AHM

New Century Bancorp- NCBC

Leesport Financial- LFPB

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DJIA Leaders & Laggards Year To Date

Here are the top and bottom five performers year to date on the DJIA

LEADERS:

1- Alcoa (AA)= 35.1%

2- Caterpillar (CAT)= 27.7%

3- Honeywell (HON)= 24.4%

4- General Motors (GM)= 23.1%

5- AT&T (T)= 16.1%

LAGGARDS:

1- Citigroup (C)= -7.9%

2- Johnson & Johnson (JNJ)= -6.7%

3- Proctor & Gamble (PG)= -4.8%

4- AIG (AIG)= -2.3%

5- Home Depot (HD)= -2%

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"Fast Money" : Monday’s Picks and Friday’s Results

Jeff Macke recommended adding tech positions and says Hewlett Packard (HPQ), Open- $44.62, Dell (DELL) Open- 28.55 and Intel (INTC) Open- 23.74

Pete Najarian likes China through the Beijing Olympics. He recommends China Mobile (CHL) Open- $53.90, China Unicom (CHU) Open- $17.23 and Baidu.com (BIDU) Open- 167.98.

Guy Adami recommends Cisco (CSCO) Open $27.85.

Jon Najarian like Disney (DIS) Open $34.14

FRIDAY’S RESULTS:

Macke- Ford (F) Open $9.49, Close $9.42= Loss $.07

Najarian- Immersion Corp (IMMR)Open $14.37, Close $14.98 = Gain $.61

Adami- Dell (DELL). Open $28.45, Close $28.55= Gain $.10

Bolling- Chevron (CVX). Open $84.14, Close $84.24= Gain $.10

Records:

Since my tracking began on 6/21 (1-1 means one up pick and one down pick)

Adami= 3-4 Gain $29.24
Bolling= 4-3 Loss $1.73
Najarian= 5-2 Gain $2.23
Macke= 5-5 Gain $6.23
Seymore= 1-0 Gain $.35
Finerman= 0-1 Loss $.18

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Today’s Upgrades and Downgrades

Here is this morning’s analyst action.

UPGRADES:

Archer-Daniels Midland- ADM Banc of America Sec Neutral » Buy

McClatchy- MNI Wachovia Mkt Perform » Outperform

American Financial Realty Trust- AFR UBS Neutral » Buy

Santarus- SNTS Susquehanna Financial Negative » Neutral

Commerce Bancorp- CBH RBC Capital Mkts Underperform » Sector Perform

Tribune- TRB Deutsche Securities Hold » Buy


DOWNGRADES:

Intlernational Paper- IP Credit Suisse Outperform » Neutral

Meruelo Maddux- MMPI UBS Buy » Neutral

SanDisk- SNDK CIBC Wrld Mkts Sector Outperform » Sector Perform

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Glycerin To Ethanol Details

Two weeks ago I posted about an ethanol production breakthrough at Rice University and I promised more info when I got it. I recently spoke with Ramon Gonzalez, the William Akers Assistant Professor in Chemical and Biomolecular Engineering about his breakthrough.

Here is the math. We have a 100 mgpy biodiesel plant. In our production of the biodiesel, one of the by products is glycerin. Currently, most producers must pay to have it disposed of. Now, using Mr. Gonzalez’s methods, they can convert it to ethanol.

100 mgpy of biodiesel produces roughly 75 million pound of glycerin. That glycerin can be converted into ethanol at a cost that is 40% cheaper than the current corn to ethanol cost (about 40 to 45 cents a gallon). How much ethanol? 75 million pounds of glycerin would produce about 9.3 mpgy of ethanol. Now, the ethanol production from glycerin would produces as a by-product “performance acids” that can used in then production of fuel cells.

We now have a process that takes the cost of disposing glycerin and turns it into a profit of roughly $13 million dollars for the biodiesel producer. This profit, it should be noted does not take into account the ancillary sales of the other by-products.

Currently the technology is in the hands of Houston VC’s and a production facility is expect to be operational next year as “several” companies have contact Professor Gonzalez about using the process.

The U.S. biodiesel industry is expected to produce an estimated 1.4 billion pounds of glycerin valued at $289 million between 2006 and 2015, according to an economic study by John Urbanchuk, director of LECG Inc. According to projections gleaned from NBB estimates, the industry could produce as much as 200 million pounds this year alone.

This 200 million pounds would produce an additional 17 million gallons of ethanol this year, not a huge number, but it does make biodiesel production dramatically more profitable which will invariably lead to more producers entering the market.

Crude glycerin that once fetched between 20 and 25 cents per pound is now edging closer to 5 cents and lower. This is down from the high of $1.08 in 1996. The glut and pricing pressure have led Dow Chemical (DOW) to close it’s 150 million pound per year facility in Freeport, Texas.

Ethanol giant Archer Daniel’s (ADM) had previously put glycerin facility plans on hold at the turn of the century as prices collapsed. ADM will produce an estimated 250 mmgpy of biodiesel in the US by the end of 2008 which equates to 188 million pounds of glycerin. ADM could convert that to an additional 16 million gallons of ethanol and other by products for sale that it either now pays to dispose of or received very little n return for. This is only US production numbers, ADM is also Europe’s largest biodiesel producer.

Every time we get an alternative source of ethanol production, we widen the possibilities and lessen our dependence on oil. Good

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Top Stories VIN – June

First, my apologies for dropping the ball last week and not getting to this. Here are the top five stories as voted on my readers at Value Investing News

1- Remembering the Wisdom of Keynes and Twain Controlled Greed

2- Chipotle Mispricing Persists: Berkshire Ruminations

3- Fly, Don’t Buy Airlines: Contrarian Edge

4- PBS Interview with Nassim Taleb PBS

5- Monish Pabrai Interview: MSN Video

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This Weeks Insider Buys

Here are the largest insiders buys for the past week. As Peter Lynch once said “There are multiple reasons insiders sell shares but there is only one reason they buy, they think the stock price is going up”.

Company and aggregate dollar amount of insider purchases:

1- Biofuel Energy (BIOF) = $45,000,000

2- Franklin Bankcorp (FBTX) = $4,000,000

3- Chesapeake Energy Corp (CHK) =$3,500,000

4- Micromet Inc (MITI) =$2,400,000

5- Occulogix Inc. (OCCX) =$2,000,000

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ValuePlays Most Read Posts For June

Here they are, the most read posts for the last 30 days.

1- Finally An Analyst Call That Makes Sense (SHLD)

2- Google: Overkill Reached 6 Months Ago

3- Lampert Buying More Sears Shares

4- Wal-Mart Getting Real Hard Not To Buy

5- Apple: iPhone Making All The Wrong Moves