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Fast & Furious: Goldman, Best Buy, FedEx...

Friday, 13 Jun 2008 | 6:42 PM ET

Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.

WALL STREET EARNINGS: All eyes will be on Goldman announcing before the bell Tuesday, followed by Morgan Stanley Wednesday.

It’s a huge wildcard, says Karen Finerman.

Read more in "Word on the Street"
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BEST BUY EARNINGS: Electronics retailer Best Buyis expected to post revenue of 8.56 Billion, and EPS of $0.37

I think the stimulus checks should give them some tailwind, says Pete Najarian.

Read more in "Best Buy Earnings"

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FEDEX EARNINGS: The venerable transport stock FedEx reports Wednesday before the bell.

I would stay away, says Guy Adami, until shares go down to $83.

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CARNIVAL EARNINGS: Can the Carnival cruise line overcome oil costs and a slowdown in consumer spending when it reports Thursday?

I think the stock is a sell, says Jeff Macke.

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HOUSING DATA: The 43% foreclosure rate increase doesn't bode well for next week's housing data, including The National Association of Home Builders Housing Market Index on Monday, and Housing Starts on Tuesday.

It’s too early to call the bottom in housing, says Karen Finerman.

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INFLATION DATA: CPI was up on energy prices. We'll find out if PPI data paints a different inflation story when that data is released Tuesday.

Until gasoline gets below $4 a gallon at the pump expect inflation to be with us, says Guy Adami.

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QUADRUPLE WITCHING: Four types of contracts (stock index futures, stock index options, stock options and single stock futures) expire on the dame day.

Fast & Furious
An outlook on key financial news, with the Fast Money traders.

Don’t get too excited about this, says Pete Najarian.













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Trader disclosure: On June 13, 2008, 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 (ATVI), (INTC), (MSFT), (DIS); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (NUE), (MSFT), (INTC), (MSFT), (DIS); Pete Najarian Owns (ANR), (BHI), (CHK), (TSO), (XLF), (HPQ); Pete Najarian Is Short (KEY); Pete Najarian Owns (BAC) Puts, (WFMI) Puts, (FITB) Puts; Pete Najarian Owns (EXM) And (EXM) Puts; Pete Najarian Owns (AAPL) And (AAPL) Puts; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NYX), (SUN), (TSO), (VLO), (PM), (MO); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (BIG), (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Long (AAPL) Out-Of-The Money Calls; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short The British Pound

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BBBY
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CCL
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FDX
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GS
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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