Your First Move For Friday May 15th
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Guy Adami suggests long XTO Energy.
Karen Finerman recommends long Nokia.
Jeff Macke and Pete Najarian don't have stock picks, sorry!
But that's not all. Following you'll find the Fast & Furious trades. Fast ways to trade tomorrow's market moving event.
PENNEY FOR YOUR THOUGHTS: JC Penney reports earnings before the bell Friday; a profits of 10 cents is expected, a decline of 82%.
I think JC Penney is a sell, says Jeff Macke. Sell the news.
BIOTECH: BEST IN BREED? Biotech closed higher Thursday ahead of the big ASCO conference results; should you buy?
My top pick in the space is Alexion, says Cowen biotech analyst Eric Schmidt. They have great long-term prospects.
INFLATION AHEAD: After today's surprise uptick in Producer prices, the government releases the CPI tomorrow, a reading of %.01 percent is expected.
Inflation is coming down the pike, says Karen Finerman. No doubt about it.
KING OF DETROIT: As Chrysler and GM announced dealership closings, Ford traded higher.
I like Ford long-term, says Pete Najarian. But for a trade you may be a little late.
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Trader disclosure: On May 14th, 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 (AGU), (F), (AAPL), (MGM), (NFLX), (GE), (SKF), (SDS), (WFC); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (CSCO), (PBR), (RIG), (UNH), (WFC); Najarian Owns (AMD) Call Spread; Najarian Owns (BX) Calls; Najarian Owns (CROX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) & (PALM) Calls; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls