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Fast & Furious Trades For Friday

Thursday, 6 Nov 2008 | 7:46 PM ET

Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.

JOB FRONT: The market is anxiously waiting to hear how many jobs were lost last month in the October Employment Report.

The precursors have suggested it's going to be terrible, says Tim Seymour.

If the numbers are bad it’s a buying opportunity, says Pete Najarian, because the market is already oversold.

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AILING AUTOS: Ford and General Motors report earnings on Friday before the bell.

They have a fine line to walk between we’re going under and things aren’t so bad, says Karen Finerman. It should be interesting.

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REALTY CHECK: Pending home sales will be released for September.

They’re going to be soft, says Jeff Macke. Now, does that surprise you?

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SPRINT HEAD: Wireless carrier Sprint reports earnings before the bell Friday and analysts are expecting an 86% drop in EPS growth year over year.

These guys are a terrible company, says Pete Najarian. They’re struggling.

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OBAMA PRESSER

Barack Obama will meet with his economic team on Friday. That includes Warren Buffett, Paul Volcker, Larry Summers, and Robert Rubin.

The market hasn’t been great since the election, says Jeff Macke. I think it goes higher on Friday.


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Trader disclosure: On Nov. 6, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (DIS), (BNI), (MSFT), (SDS), (UUP), (WMT); Finerman's Firm Owns (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (USO), (USO); Najarian Owns (MBI) Put Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (YHOO) And Is Short (YHOO) Calls; Seymour Owns (AAPL), (BAC), (EEM), (F), (MER); Seygem Asset Management Owns (EEV)

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