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Your First Move For Thursday May 28th

Wednesday, 27 May 2009 | 6:24 PM ET

Here’s our Fast Money Final Trade. Our gang gives you Thursday’s best trades, right now.

Steve Grasso suggests longAmazon .

Guy Adami recommends longProShares UltraShort 20+ Year Treas. ETF .

Joe Terranova prefers a short position in Mastercard.

Pete Najarian thinks Applied Materials is a buy.

Fast Money Final Trade
The Fast Money guys share their final trades of the day.

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.

BET WITH ACKMAN?Target holds its annual shareholder meeting Thursday, Bill Ackman's proposal for alternative directors will finally come up for a vote.

Yes, the stock is up 62% but I still like it, counsels Guy Adami.

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BUY THE FARM? Earlier on the Halftime Report, Dennis Gartman recommended Monsanto as a “buy.” He said, “I think you want to own today's weakness."

I agree with Dennis, says Pete najarian.

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NEW HOME SALES: We'll get a reading on new home sales Thursday. Economists are expecting a slight increase in April sales following March's surprise uptick.

The problem we have to unload the houses we already have, chuckles Joe Terranova.

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BULK IS BETTER?Costco reports earnings Thursday, a profit of 53 cents is expected, a decline of 20% year over year.

I think you can be long, counsels Steve Grasso.

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BETTER WITH KETCHUP?Heinz reports earnings Thursday, a profit of 55 cents is expected, a decline of 10% year over year.

I like this stock for its dividend yield, reveals Pete Najarian.

Fast & Furious
An outlook on key financial news, with the Fast Money traders.



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Trader disclosure: On May 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (ABT), (TER), (XBI), (RIMM), (IBM); Terranova Is Short (XOM) Call Spread; Terranova Owns (DIS) Call Spread; Najarian Owns (ISIS); Najarian Owns (AMAT) Calls; Najarian Owns (BX) Call Spread, (INTC) Call Spread, (MOS) Call Spread, (XHB) Call Spread, (XLB) Call Spread, (XLU) Call Spread; Grasso Owns (V), (XLF), (RIMM), (AMZN); Grasso's Firm Owns (MSFT); Grasso's Clients Owns (JPM), (OXY), (AMR), (V)

  Price   Change %Change
AMAT
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AMZN
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COST
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HNZ
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MA
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MO
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TBT
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TGT
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4331
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MCD
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Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.