Your First Move For Tuesday June 24th
By: Lee Brodie | Producer
Instead of the Fast Money Final Trade here’s our “Dice Roll” for the Million Dollar Portfolio Challenge. These are our high risk / high reward plays.
Jeff Macke recommends Circuit Cityfor a bounce ahead of it’s company meeting.
Guy Adami suggests playing Pier One also for a bounce.
Karen Finerman thinks Alliance One is worth the gamble.
Pete Najarian likes Washington Mutual as a long-shot trade.
But that’s not all. Following are the “Fast & Furious” trades. Check out these Fast ways to trade tomorrow's market moving events.
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BERNANKE FIRES UP THE POWERPOINT: The two day Fed meeting begins Tuesday but we won't know if Ben's cutting or raising until Wednesday.
Don’t expect hikes or cuts, says Pete Najarian.
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HOUSING MARKET BOTTOM? The Case-Shiller home price index data for April comes out at 10AM.
I think they will says things are lousy, says Guy Adami.
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HOW DEPRESSED ARE YOU? The Conference Board's consumer confidence index touched a 16-year low last month.
It’s not that bad out there but expect confidence to go lower, says Jeff Macke.
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BIOTECH BOOST? The 3-day long Jefferies Health Care Conference kicks off Tuesday with speakers from across the biotech spectrum.
I’ll be watching Celgene and Onyx , says Pete Najarian.
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RED LOBSTER REPORTS: Darden Restaurants, the owner of the Red Lobster and Olive Garden chains, reveals their vulnerability to ag-flation and the consumer slowdown after the bell.
I don’t think the news from Darden will be good, says Karen Finerman.
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SUPERMARKET SWEEP? Kroger, the nation's largest grocery chain extended a gas discount program this quarter. We'll see if it worked when they report Tuesday morning.
Seems like Kroger’s promotion is a gimmick, says Jeff Macke.
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Trader disclosure: On June 23, 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 (HAS), (WMT), (MSFT), (INTC); Najarian Owns (AAPL), (TSO), (XLF), (CHK); Najarian Owns (LLL) Calls, (SLB) Calls, (SD) Calls; Najarian Owns (MER) Puts; Adami Owns (NUE), (BTU), (C), (AGU), (GS), (INTC), (MSFT); Finerman Owns (GS); Finerman's Firm Owns (CYBX), (MO), (MSFT), (NYX), (PM), (SBUX), (TSO), (VLO); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (BIG), (IYR), (IJR), (MDY), (IWM), (SPY)
