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Your First Move For Wednesday July 23rd

Tuesday, 22 Jul 2008 | 7:12 PM ET

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

Jeff Macke thinks AT&T is a sell.

Joe Terranova recommends getting long Gold futures.

Pete Najarian prefers long Wal-Mart.

Karen Finerman suggests the Financial Select Sector SPDR as a quick short.

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


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.





DREAM EARNINGS?

When they release earnings I’m hoping to hear that Boeing can maintain their guidance, says Karen Finerman.


MICKEY-D's

I love McDonald’s , says Pete Najarian. And it’s a Dow component.


HOUSING BILL

The House votes on a housing bill Wednesday which includes measures to help Fannie and Freddie. As a result, I’d watch the price action in the dollar, counsels Joe Terranova.

STAY-AT-HOME TRADE

Amazon reports earnings and it might be worth a look, says Jeff Macke.

GRAY LADY

I can’t get excited about the NY Times or any player in the newspaper industry, says Karen Finerman.

CHINA SEARCH

Baidu.com gives quarterly results. If Yahoo! and Google are any indication, then ouch, exclaims Pete Najarian


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Trader disclosure: On July 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL), (AMLN), (C), (CHK), (ETFC), (TSO), (ICO): Najarian Owns (CSCO) Calls, (MRK) Calls, (YHOO) Calls, (HUN) Calls; Macke Owns (GS), (WMT), (MSFT): Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (M); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (BBT), (WB), (IYR), (IJR), (IWM), (SPY), (MDY); Finerman's Firm Owns (HUN) Calls: Terranova Owns (BNI), (SA), (VLO), (RIMM), (CME), (FCX), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO); Terranova Is Long September Crude Oil $154 Calls; Terranova Is Short September Crude Oil $130 Puts; Terranova Is Short September Crude Oil $130 Calls;

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Investment Partners Owns More Than 1% Of (DBV) ,(RWX), (LNET) ,(EXR), (SKT) ,(DLR) ,(IGE) ,(ARE) ,(DBC) ,(ABD) ,(OFC) ,(CLB) ,(BLV) ,(CNTY) ,(FL) ,(HPC) ,(PSPT) ,(ESS) ,(OIIM) ,(BIG) ,(ENG) ,(PFD) ,(DRH); Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)Charles Schwab Is A Sponsor Of "Fast Money"

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AMZN
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BIDU
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FNMA
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FMCC
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NYT
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T
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WMT
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SPDR FIN SEL
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BA
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MCD
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  • 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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