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Fast & Furious Trades: CSX, Bed, Bath & Beyond...

Tuesday, 24 Jun 2008 | 6:43 PM ET

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

HAWK OR DOVE? The two-day Fed meeting concludes with a highly-anticipated FOMC decision.

I have a bad feeling that Bernanke might change his tune, says Guy Adami. Watch out for a lower dollar.

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BLACKBERRY PROFITS: This is RIMM’s last quarterly report before it faces corporate-client competition from the new business-ready iPhone.

I think Research In Motion will do just fine with competition from Apple being overstated, says Jeff Macke.

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MANUFACTURING SLOWDOWN? Monthly data on durable goods orders are published Wednesday at 8:30AM. The last two reports have shown declines with a fall-off in planes and autos dragging down the number.

There’s nothing that makes me think the new data will be particularly good, says Karen Finerman.

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RUMBLE ON THE RAILS: Get ready for some fireworks: CSX has its shareholder meeting at “high noon” Wednesday, just as two of its biggest hedge fund investors have been pressuring the firm to re-jigger the board and increase profits.

As long as coal keeps working I think CSX and all the rails will too, says Pete Najarian.

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BLOOD BATH? Bed, Bath & Beyond is reporting earnings after the bell and if the bankruptcy proceedings of rival Linens ‘N Things is any indication, BBBY may be setting up for a disappointment.

Bed Bath & Beyond is specialty retail and specialty retail is the place where love goes to die, exclaims Jeff Macke.

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ORACLE EARNINGS: Oracle’s report will shed light on the overall strength of business tech spending.

I think Oracle delivers, says Pete Najarian.

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NEW HOMES, SAME OLD STORY? Enthusiasm for Wednesday’s new home sales data was sapped after the Case-Schiller index showed prices have sunk to 2004-levels.

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

Look for a little bit of a curve ball, counsels Guy Adami, I think it could be better than expected.


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Trader disclosure: On June 24, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (NUE), (MSFT); Macke Owns (DIS), (WMT), (MSFT); Najarian Owns (AAPL), (HD), (NOK), (TSO), (XLF); Najarian Owns (WFMI) Puts, (MER) Puts, (DHI) Puts; Najarian Owns (YHOO) Calls, (EK) Calls, (UBS) Calls; Finerman Owns (GS)
Finerman's Firm Owns (AXP), (MSFT), (NYX), (PZN), (TSO), (VLO), (PPH); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm And Finerman Own (HD) And (HD) Puts

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BBBY
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CSGN
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ORCL
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BB
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  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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