Following are the “Fast & Furious” trades - hot ways to play Monday's market moving events.
ACKMAN'S TOWN HALL: With shares down 16% year over year, Wall Street Whale Bill Ackman holds his Target Town Hall Monday. Should you play it?
If you want to be in the name, be in it, counsels Karen Finerman. But forget the town hall.
INTEL INVESTOR MEETING: After a 5% drop this week, Intel will meet with its shareholders on Tuesday.
Their industry is becoming more competative and I want to hear how they're planning to manage that, says Joe Terranova.
WAL-MART REPORTS: Retail giant Wal-Mart reports earnings before the bell Thursday;a profit of 77 cents is expected, an increase of 2% year over year.
Walk on by, counsels Jeff Macke. Instead look at Target.
AT THE MALL: Retailers Macy's, Kolh's and JCPenney all reports earnings this week. Kohl's & JCPenney are expected to post a profit while Macys is expected to post a loss of 23 cents.
If you're in JCP I'd take profits, counsels Guy Adami.
WHOLE FOODS:Whole Foods reports earnings on Wednesday; a profit of 18 cents is expected, a decline of 37% year over year.
There's no way I'd be long but I wouldn't short it either, counsels Karen Finerman.
POSTAL RATES: And get ready, the post office is raising rates again. On Monday, the US will raise its price to mail a letter to 44 cents from 42 cents.
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Trader disclosure: On May 8th, 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 (AAPL), (TGT), (WFC), (GS), (PCLN), (GE), (SDS), (AGU); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT) And Is Long (MSFT) Put Spreads; Finerman's Firm Owns (UNH); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IJR), (SPY), (MDY), (IWM), (USO), (BBT); Terranova Owns (XBI), (GENZ), (ABT), (BP); Terranova Is Short (XOM) Call Spread; Terranova Owns (MS) And Is Short (MS) Calls; Terranova Owns (DIS) Call Spread; Terranova Is Short (JPM), (BRCM), (POT), (X), (WYNN), (JOYG), (HES); Terranova Is Short June Crude Oil Futures; Terranova Is Short June Natural Gas Futures
Terranova Works For (VRTS): Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.: Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (CAL), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (CLB), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights
GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"