Next Week's Fast & Furious Trades
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
HEAR ME NOW?Verizon reports earnings on Monday; a profit of 59 cent is expected, a decline of 3%.
I couldn't possibly care less about this stock, bristles Jeff Macke. Look at stocks that are working!
BUY PFIZER?Pfizer is set to report next Tuesday; a profit of 49 cents is expected which is a decline of 10% year over year.
They're going to be losing patents, explains Pete Najarian. It's a story about pipeline and right now their pipeline looks weak.
AUTO BANKRUPTCY NEXT WEEK? The NY Times reports that Chrysler may file for bankruptcy next week.
I think it's a preview for GM, speculates Tim Seymour. And I'm hoping it's ultimately good news.
STRESS TEST PRESSURE? The government is set to release the results of its stress test on May 4th, but leaks could beat them to the punch.
Right now the stress test info is much ado about nothing, says Karen Finerman. Don't trade on rumors - wait for the results.
FED MEETING: The Fed holds a two day meeting Tuesday and Wednesday, investors will pay close attention the statement out of the meeting.
I think they go after 10-year rates, speculates Tim Seymour.
RIMM THE BEST TECH? Citigroup analyst Jim Suva upgraded Research In Motion to a “Buy,” and tells Fast Money "simply put, we think it is time to skate to where the puck is heading."
Over the next 12 months Suva thinks this stock could go to $100.
GDP DECISION: Well get a reading on the state of the economy with the release of GDP, economist are expecting a reading of -4.9 up from the previous reading of -6.3.
It won't be a proud moment in American history, bristles Jeff Macke.
VENTI PROFITS?Starbucks reports earnings next Wednesday; a decline of 17% in year over year profits is expected.
The stock has run ahead of earnings; I'd wait for a pullback, advises Pete Najarian.
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests longTitanium Metals .
Karen Finerman said American Express was a sell.
Pete Najarian and Jeff Macke didn’t have stock picks, sorry!
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Trader disclosure: On Apr 24th, 2009, 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 (SDS), (AGN), (WYNN), (GE), (LVS), (WFC); Seymour Owns (BAC), (EEM), (FXI); Seymour Is Short (AAPL); Finerman's Firm Owns (AXP), (RIG), (UNH), (TBT); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (C) Preferred; Finerman's Firm Owns(MSFT) & (MSFT) Put Spread; Finerman's Firm Owns (WFC) Preferred; Finermans Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (ANR) CAll Sprad; Najarian Owns (BX) Call Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (PCU) Call Spread; Najarian Owns (PALM); Najarian Owns (RIO) Calls; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread