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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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May.06
6:58 PM ET
Wednesday, 6 May 2009
Fast & Furious Trades For Thursday

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

NASDAQ EARNINGS: The Nasdaq OMX [NDAQ  Loading...      ()   ] reports earnings Thursday; the company is expected to post a profit of 47 cents, a 2% drop year over year.

I expect a little pullback, but ultimately I think the stock moves higher, muses Pete Najarian.


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MEDIA MONEY: CBS [CBS  Loading...      ()   ] is set to report earnings Thursday; the media company is expected to post a profit of 7 cents, an 82% decline year over year.

It's hard for me to get excited about media, says Karen Finerman, but lately fundamentals haven't mean too much to this market.


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GOOGLE SHAREHOLDER MEETING: Google [GOOG  Loading...      ()   ] holds its annual shareholder meeting Thursday, what is the play ahead of the meeting?

I don't think the meeting moves the stock, says Citigroup analyst Mark Mahaney, I have a buy on this stock but I'd be more aggressive with Google at $350.


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FAST PROFITS? Wendy's [WEN  Loading...      ()   ] reports earnings Thursday; the company is expected to post a profit of only 3 cents.

It's dead money, bristles Jeff Macke.


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NVIDIA EARNINGS: Nvidia [NVDA  Loading...      ()   ] reports earnings Thursday; the company is expected to post a loss of 10 cents.

The stock is up 70% for the quarter, explains Pete Najarian. I'd take profits.


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FATE OF RATES: The European Central Bank is expected to announce it’s decision on interest rates. Investors are expecting the bank to lower the main rate by a quarter-percentage point to 1%.

I expect the euro will weaken, speculates Tim Seymour.

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BUY GOLDMAN ON STRESS? On the Fast Money Halftime Report, Jared Levy  of Peak6 suggested the following Goldman [GS  Loading...      ()   ] play, “Short term sell them, long term I'm sticking with Goldman Sachs with the July 130, 135 call spread on the pullback.”

I would be hesitant to chase it, says Karen Finerman, but overall that's not a bad trade.


______________________________________________________
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Trader disclosure: On May 6th, 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 (WFC), (GS), (SDS), (AGU), (PCLN), (GE); Seymour Owns (AAPL), (BAC), (F), (FXI), (RIG), (TM), (TSO); Finerman's Firm Owns (BAC) Preferred Shares And Is Short (BAC) Stock; Finerman's Firm Owns (CSCO); Finerman's Firm Owns (MSFT) And (MSFT) Put Spreads; Finerman's Firm Owns (PM); Finerman's Firm Owns (PBR); Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (EWZ) Call Spread; Najarian Owns (FIG); Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (NVDA) And Is Short (NVDA) Calls; Najarian Owns (TSO) Call Spread; Najarian Owns (XLI) Put Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (BYD) Calls

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC
Charles Schwab Is A Sponsor Of "Fast Money"

For Mark Mahaney

Citigroup Global Markets Or Affiliates Owns 1% Or More Of Yahoo Securities
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation Frmo (AMZN), (YHOO), (GOOG) In Past 12 Months
(AMZN), (GOOG), (YHOO) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Sercurities-Related Services)
Citigroup Global Markets Is A Market Maker In (AMZN), (GOOG), (YHOO)

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