Your First Move For Friday May 22nd
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests long Stillwater Mining as a precious metals play.
Steve Grasso recommends longVisa which he thinks could be overdone to the downside.
Joe Terranova prefers longAbbott Labs .
Pete Najarian thinks NTAP is a buy.
See other "Fast Money" Final Tradeposts.
But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.
TREASURY BUBBLE? The Ultrashort 20-Year Treasury ETF, the TBT, soared higher on Thursday. Should you buy?
Absolutely not. I wouldn't buy anything up 5%, says Steve Grasso.
GOT GOLD? Gold was a bright spot in an otherwise dreary day; the precious metal is up 6 of the last 7 trading sessions. Is now the time to buy?
I like gold but as a long term trade, counsels Tim Seymour.
CRUDE MOVES: The price of oil slipped on Thursday; should you buy tomorrow on this sell-off?
As long as oil holds Thursday's intra-day low of $59.92 I want to be long, says Joe Terranova.
UMMM, UMMMM GOOD? Campbell Soup reports earnings before the bell; a profit of 42 cents is expected, a decline of 2% year over year.
I wouldn't be surprised to see these guys put up good numbers, says Pete Najarian.
JAPAN'S RATES: After posting a 4% decline in Q1 GDP earlier this week, the Bank of Japan will announce its decision on interest rates tomorrow.
I'd watch the yen which is appreciating, says Tim Seymour. It could create more troubles for Japan's economy.
FOLLOW JOE? Legendary quaterback Joe Theismann joined us on set last night and shared his best plays for this market: "I happen to be short the financials ,” he said. How about you?
I think he's got the right idea, muses Joe Terranova.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On May 21st, 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 (APC) Call Spread; Najarian Owns (BX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (ISIS); Najarian Owns (MOS) Call Spread; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Call Spread; Najarian Owns (BP) Call Spread; Terranova Owns (GENZ), (ABI), (JOYG), (XBI), (TER); Terranova Owns Oil Futures; Terranova Owns Nat Gas Futures; Terranova Owns (DIS) Calls; (XOM) Calls; Terranova Owns June Gold Futures; Grasso Owns (NYX), (XLF), (RIMM), (V); Grassso's Clients Owns (PETM); Grasso's Firm Owns (WMT); Grasso's Client Owns (SUN); Grasso Owns (NYX); Seymour Owns (AAPL), (BBT), (BX), (EEM), (FLR), (TTM), (INFY), (MGM), (PBR); Seymour is Short (FCX), (POT)
Stuart Frankel Clients Own (JPM), (MA), (V)