Your First Move For Friday January 9th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Jeff Macke suggests longPotash .
Both Pete Najarian and Guy Adami recommend long CSX Corp. .
Tim Seymour doesn’t have a stock pick, sorry.
See other "Fast Money" Final Tradeposts.
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.
JOBS, JOBS, JOBS: The labor department releases its monthly jobs report. Economists are expecting the unemployment rate to jump to 7%.
It’s going to be a bad number, says Pete Najarian.
BUILDING PROFITS? Homebuilder KB Home is set to report earnings before the bell Friday. The company is expected to post a loss of $1.24, a drop of 88% in year over year EPS growth.
I’d avoid this stock, says Guy Adami. However, there’s a large short interest in it so there could be a short squeeze.
GAS DISPUTE: The EU group meets to discuss the dispute over gas supplies between Russia and Ukraine. The first session involves meeting between representatives from Gazprom and Naftogaz, and the second session involves talks between EU member states.
I would not get long nat gas on this, says Tim Seymour. It’s a head-fake.
SOFTEE'S NEW LAUNCH: Microsoft will unveil its first beta version of its new operating system Windows 7. The software is scheduled for a 2010 rollout.
It simply doesn’t matter, bristles Jeff Macke. Move on with your life.
MADOFF TO JAIL? U.S Judge Ronals Ellis could decide Friday if Bernie Madoff should be jailed prior to his trial. Mr. Madoff is currently under house arrest after being charged with running a $50 billion Ponzi scheme.
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Trader disclosure: On Jan. 8th, 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 (POT), (WMT), (TM), (MGM); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (CSCO), (FCX), (MSFT), (ELN); Najarian Owns (XME) Calls, (NVLS) Calls, (NVDA) Calls; Najarian Owns (FCX) Short Calls; Najarian Owns (EEM) Long Call Spread ; Najarian Owns (ERTS) Long Call Spread; Najarian Owns (MSFT) Short Calls; Seymour Owns (AA), (BAC), (EEM), (F), (TSO); Seymour's Firm Owns (VIP)