Fast & Furious Trades For Friday
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
PRICELESS?Mastercard reports earnings ahead of the bell tomorrow; a profit of $2.61 is expected a 1% increase year over year.
MA is up 20% for the week, says Pete Najarian. I think it's too much too soon.
CHEVRON EARNINGS: After Exxon's disappointing results today; should you buy Chevron ahead of earnings?
I'd take a shot, the bad news is probably priced in, speculates Tim Seymour.
BUY EXPEDIA? Shares of Expedia soared today after reporting better than expected results. Should you buy into this sector ahead of Priceline and Orbitz earnings next month?
Mark Mahaney, US Internet Analyst at Citi is bullish on the stock. He has a buy on EXPE as well as PCLN.
Clorox reports earnings before the bell tomorrow; investors are expecting a profit of 90 cents, a 26% increase over last year.
Jeff Macke doesn't know what to say.
NICE CALL: Shares of Sequenom dropped substantially after the firm announced a greater-than-expected first quarter loss and said its Down Syndrome drug would be delayed.
Jonathan Ashoff of Brean Murray and Carret had a sell rating on the stock ahead of its release. But if you're looking for a buy, Ashoff says get longDendreon . He has a $35 price target on DNDN.
SELL MEDIA? The upfronts for the Big 4 networks begin tomorrow; according to Barclays the networks are expected to bring in 15% less than they did at last year’s upfronts.
I would do nothing, counsels Karen Finerman.
AVOID AIRLINES? On the Today Show, Vice President Biden made some candid remarks about airlines when he said, “I wouldn't go anywhere in confined spaces. It's not that you're going to Mexico its that you're in a confined space, if one person sneezes it goes all the way through the aircraft.”
What a marvelously comforting statement, bristles Jeff Macke.
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Trader disclosure: On Apr 30th, 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 (LVS), (AAPL), (WFC), (SDS); Seymour Owns ( AAPL), (BAC), (EEM), (FXI); Seymour Is Short (X); Finerman's Firm Owns (AXP), (PBR), (RIG), (UNH), (TBT); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (C) Preferred; Finerman's Firm Owns(MSFT) & (MSFT) Put Spread; Finermans Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MS) & (MS) Calls; Najaria Owns (NTRS); Najarian Owns (ORCL) Call Spread; Najarian Owns (PALM) & (PALM) Calls; Najarian Owns (RHT) Calls ; Najarian Owns (UNH) Puts; Najarian Owns (VAR) Call Spread; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread