The "Fast Money" traders share their final trades of the day.
Steve Grasso is a buyer of WTR.
Dan Nathan is a buyer of CSCO.
Karen Finerman is a buyer of HTZ.
Jim Lebenthal is a buyer of C.
Mike Murphy is a buyer of WEN.
Stephanie Link is a buyer of IP.
Jon Najarian is a buyer of ESRX.
Trader disclosure: On May 16, 2014, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Grasso is long CLVS, BA, GDX, EVGN, MHY, LNG, MJNA, NVIV, PFE, POT, SO, YHOO, TWTR, WWE and firm is long PFE, CMCSA, GM, DWA, MSFT; Karen is long BAC, C, JPM, GOOG is short SPY – firm is long BAC, C, C calls, CJPM, GOOG is short SPY, IWM, XRT puts, S&P puts; Dan is long COST MAY 30 EXP 113 PUTS, BRKB JUNE PUTS, CRM MAY 23 EXP PUTS, HLF AUG PUTS, NFLX JUNE PUTS, ORCL JUNE PUTS, QQQ JULY 87 PUTS, SBUX JUNE PUT SPREADS, P SEPT CALL SPREADS, XLF JULY PUTS; Jim is long AAPL, C, INTC, JWN, PFE, IBM, JCP – firm is long BAC, C, GS, JPM, WFC, MS, INTC, SBUX, FB, MSFT, GM, PFE, IBM; Stephanie Link is long AAPL, APC, BA, BAC, CELG, CI, CMI, COST, ED, ESV, FB, GE, GM, GOOGL, GS, HIG, IBM, JCI, JNJ, JPM, M, MMM, MRO, NKE, NOV, OXY, PG, PVH, STI, SWK, USB, UTX, XLNX, YUM.
There's a slow and steady path toward S&P 3,000, Morgan Stanley's Adam Parker says.
Ahead of speculation about Apple's event, investors are focused on long-term value that the tech company will generate.
Tesla Motors has a "staggering" ability to ramp up production, said Stifel Nicolaus auto analyst James Albertine.
'We're sitting in an environment where the upside far exceeds the downside, so it's a great place for a value investor to be,' says one value investor.