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Your First Move For Wednesday July 2nd

Tuesday, 1 Jul 2008 | 7:00 PM ET

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Tim Seymour thinks Trina Solar is a buy.

Guy Adami recommends getting long General Motors

Karen Finerman prefers long Merck .

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

Pete Najarian suggests shorting Prudential on options action.








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.


OFFICIAL BEAR? Will the S&P 500 join the Dow in bear territory?

I think the S&P sinks lower, says Pete Najarian.

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OIL SUPPLY: The EIA's weekly petroleum inventories will be released Wednesday.

I’m more interested in demand destruction, says Tim Seymour.

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JOB MARKET: The ADP Employment report and The Challenger Job-Cut report will both be published before the bell.

If it’s a decent number I think you could see a 300 point rally in the Dow , says Guy Adami.

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PAULSON SPEAKS: The Treasury Secretary comments on capital markets in London.

I expect him to say it’s a global economy, there’s no de-coupling and the US is going to do its best to strengthen the dollar, says Tim Seymour.

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SLICK PROFITS? WD-40 releases earnings after the bell Wednesday.

I’m not enthusiastic about WD-40 , says Guy Adami.

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'HANCOCK' RELEASE: Sony's Will Smith superhero flick opens nationwide Wednesday.

Almost every movie Will Smith makes is a blockbuster, says Pete Najarian.

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Trader disclosure: On July 1, 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 (C), (AGU), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (SBUX); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Pete Najarian Owns (AAPL), (NOK), (TSO), (XLF); Pete Najarian Owns (HBC) Puts, (MER) Puts, (RIMM) Calls, (SLB) Calls, (UBS) Calls, (WM) Calls, (YHOO) Calls; Seymour Owns (AAPL), (CFC), (F), (MER), (MSFT), (TSO), (TSL); Seygem Asset Management Owns (TTM), (PKX), (FMX); Seygem Asset Management Owns Shares Of Grupo Modelo

  Price   Change %Change
DJIA
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S&P 500
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GM
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MRK
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PRU
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TSL
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WDFC
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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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