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Your First Move For Friday June 27th

Thursday, 26 Jun 2008 | 7:04 PM ET

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.

Fast Money Final Trades
The Fast Money traders share their final trades of the day.

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.







NEW LOWS?
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.

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CONSUMER CHECK-IN
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.

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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.

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SMOKES SPEAK

Philip Morris International speaks at JPMorgan's Global Tobacco Conference.

I’m hoping Philip Morris International says something good, says Karen Finerman.

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

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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)

  Price   Change %Change
S&P 500
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ALL
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KBH
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MRK
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PM
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SU
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MV SEMI
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Contact Fast Money

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

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • 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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