Your First Move For Friday June 27th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Joe Terranova recommends getting long Suncor Energy.
Guy Adami prefers long Allstate .
Karen Finerman thinks Merck is a buy.
Pete Najarian suggests buying puts on the on the Semiconductor HLDR .
But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.
With the S&P 500 on the cusp of those March lows will we break below that level Friday?
I think we will see new lows in the S&P, says Pete Najarian.
Personal income and spending plus the University of Michigan's confidence survey will show how record gas is changing consumer behavior and attitude.
It could be ugly, says Joe Teranova.
MORE HOUSING WOES?
Ahead of the bell KB Home will release earnings. Considering Toll Brothers tumbled Thursday, things aren’t boding well for KBH.
I’d stay away from KB Homes, says Guy Adami.
Philip Morris International speaks at JPMorgan's Global Tobacco Conference.
I’m hoping Philip Morris International says something good, says Karen Finerman.
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Trader disclosure: On June 26, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns (MO), (MSFT), (PM), (SUN), (TSO), (VLO), (AXP), (DVA); 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), (SPY), (IWM); Najarian Owns (AAPL), (ANR), (CHK), (RIMM), (TSO), (XLF); Najarian Owns (MER) Puts; Najarian Owns (NUE) Calls, (QID) Calls, (SLB) Calls, (YHOO) Calls; Terranova Owns (BNI), (CME), (FXC), (LUV), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO), (FCX); Terranova Owns Dollar Index Futures
Terranova is chief alternatives strategist at Phoenix Investment Partners;; Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)