Your First Move For Tuesday June 24th

Monday, 23 Jun 2008 | 6:57 PM ET

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.


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.


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.


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.


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.


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.


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

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.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

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)

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

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  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • 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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