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Jeff Macke thinks Home Depot [HD
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] is a buy if it drops $1 or more due to disappointing earnings.
Guy Adami recommends playing defense with a long Johnson and Johnson [JNJ
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] trade.
Karen Finerman prefers long Golar LNG [GLNG
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] .
Pete Najarian doesn’t have a stock pick, sorry.
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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.
HOME IMPROVEMENT: Home Depot release earnings before the bell.
I don’t expect Home Depot [HD
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] earnings to be great, says Jeff Macke, but if it dips more than $1 I’ll buy.
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AFTER HOURS ACTION: HP: Hewlett-Packard reports after the close
I hope you take profits in Hewlett-Packard [HPQ
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], says Guy Adami.
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5TH AVENUE HEARTACHE? Saks 5th Avenue earnings come out before the bell.
I don’t think Saks [SKS
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] will be that bad, says Karen Finerman.
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REAL ESTATE UPDATE: The Street gets housing starts data at 8:30am.
A strong number would be great for the markets, says Pete Najarian.
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OFF TARGET? Hip retailer Target has underperformed its big box big brother Wal-Mart this year. They report before the open.
I’d like to see Target [TGT
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] make a comeback, says Jeff Macke.
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Trader disclosure: On Aug 18, 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), (MSFT), (NUE), (BTU); Najarian Owns (AAPL) And Is Short (AAPL) Calls; Najarian Owns (CSCO) Call Spread, (SNDK) Call Spread, (ZMH) Call Spread; Macke Owns (MSFT), (UUP), (WMT), (COST), (DIS), (ATVID); Finerman Owns (GS); Finerman's Firm And Finerman Own (GLNG); Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (VCLK); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (BBT), (COF): NBC Universal Is The Parent Company Of CNBC
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