Wednesday Afternoon Trades -- Into The Close

Wednesday, 20 May 2009 | 1:08 PM ET

Following are the latest Fast & Furious trades. How should you game the key questions -- into the close?

BUY SPECIALTY RETAIL? After positive results from key retailers today, should you buy any of the specialty names before earnings?

I’d look at GameStop and Aeropostale and I’d stay away from Children’s Place , counsels OptionMonster Jon Najarian.


BUY FINANCIALS? Financials went soaring Wednesday on the back of a stock offering from Bank of America ; should you buy?

I’m a short term seller but a long term buyer, reveals Jared Levy.


BUY HEALTH CARE ON WEAKNESS? Healthcare traded lower Wednesday, should you buy on the pullback?

Yes, replies John Kosar of Asbury Research. Healthcareis under-invested.


BUY OIL? With oil hitting a fresh 6-month high, should you buy here?

Yes, it’s a buy here, says Joe Terranova.

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Trader disclosure: On May 20th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

Najarian Owns (GME)

Terranova Owns (XOM)
Terranova Owns (HES)
Terranova Owns (BP)

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