Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
REBOUND CONTINUES? After the Dow's point surge, will the rebound continue into Tuesday?
I don't feel compelled to chase it, says Karen Finerman.
HOLLA AT HOME DEPOT? Home Depot reports earnings before the bell and after Monday’s surprise beat by Lowe's, should you consider buying this home improvement name?
I expect HD to have a great report, says Sanford Bernstein analyst Colin McGranahan. I think the stock goes up as a result.
KEY HOUSING DATA: Well get another glimpse into the housing market with the release of housing starts. Economists are expecting a reading of 527,000 up from last month's reading of 510,000.
It feels like we found a base around 500,000 but I don't think it goes much higher, speculates Tim Seymour.
SAKS SAGGING: High-end retailer Saks reports earnings before the bell; a loss of 26 cents is expected.
High-end retail is a tough place to be, muses Jeff Macke.
COMMISSIONS FOR CHARITY: Also on Tuesday, BTIG will hold it’s 7TH Commissions For Charity Day. If you direct your trades to BTIG a portion will go to charity.
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Trader disclosure: On May 18th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (INFY), (PBR), (TTM); Macke Owns (AAPL), (WFC), (AGU), (GE), (SKF), (SDS); Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (BAC) Preferred; (WFC) Preferred; Finerman's Firm Is Short (BAC), (WFC); Najarian Owns (AMD) Calls; Najarian Owns (APC) CAll Spread; Najarian Owns (BBY) Put Spread; Najarian Owns (BP) Call Spread; Najarian Owns (BX) Calls; Najarian Owns (FAS) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (HPQ) Put Spread; Najarian Owns (MOS) Call Spread; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls
Bernstein Owns (AZO)
Bernstein Owns (HD)
Bernstein Owns (LOW)
Bernstein Owns (WSM)
Bernstein Makes A Market In Shares of (BBBY)
Bernstein Makes A Market In Share of (SPLS)