Your First Move For Friday May 18th
Here's our Fast Money Final Trade. Our guys give you tomorrow's best trades, tonight!
Jeff Macke recommends getting long Nordstrom (JWN) because department stores are doing better than expected.
Tim Strazzini likes Philips Electronics (PHG) because he expects consumer electronics to be strong in the second half of this year.
Guy Adami prefers American Express (AXP) which he thinks will profit from online purchases and higher gas prices. (People won’t be carrying enough cash to fill the tank.)
Eric Bolling says own Chevron (CVX).
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Trader disclosure: On May 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Macke Owns (JWN); Strazzini Owns (GOOG), (JBLU), (IBM), (EDS), (WMT), (YHOO); Strazzini Is Short (GOOG) Bolling Owns Gold, Silver, Coffee, Sugar; Bolling Is Short S&P Futures; Bolling Is Short S&P Options