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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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May.29
6:22 PM ET
Friday, 29 May 2009
Your First Move For Monday June 1st

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

Joe Terranova suggests long Disney [DIS  Loading...      ()   ] as a bullish bet on Disney's latest movie, “Up.” (Click here for more.)

Steve Grasso recommends long Visa [V  Loading...      ()   ] because he thinks as the economy recovers transaction based fee companies win.

Karen Finerman prefers long Flowserve [FLS  Loading...      ()   ], one of her favorite trades.

Pete Najarian thinks Analog Devices [ADI  Loading...      ()   ] is a buy as a play on smart grid devices.

See other "Fast Money" Final Trade posts.

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.

GM BANKRUPTCY: It’s widely believed that GM [GM  Loading...      ()   ] will file for bankruptcy protection on Monday.

I'd stay away, says Steve Grasso.

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POST PALM PRE: Palm [PALM  Loading...      ()   ] is set to release their new phone the PRE next week. The stock has climbed 23% in the last month. On Fast Money’s Halftime Report Dan Fitzpatrick said, "I'd stay away from this, the move has already been made.”

I'd agree, says Pete Najarian. The stock has had a big run.


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BUY BIOTECH? The biggest biotech conference of the year, called ASCO, gets underway next week in Orlando Florida.

It's hard to pick stocks in this sector, says Karen Finerman. I'd play it with the IBB [IBB  Loading...      ()   ] or the XBI [XBI  Loading...      ()   ].


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GEITHNER TO CHINA: Treasury Secretary Geithner heads to China to meet with top Chinese officials on promoting stable and balanced growth between the two nations.

It seems like China doesn't want to buy our debt and that's a serious issue, counsels Joe Terranova.


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HOMEBUILDER EARNINGS: Homebuilders Hovnavian [HOV  Loading...      ()   ] and Toll [TOL  Loading...      ()   ] report earnings this week, both companies are expected to post a loss.

If you believe we're close to recovery, then this is probably as good a time as any to start buying these stocks, says Steve Grasso.

______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On May 29th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso Owns (AMZN), (CSCO), (RIMM), (V), (KLF); Stuart Frankel Clients Own (SUN), (YHOO), (AAPL), (AMD) ,(BAC) ,(BHI) ,(BP), (C), (COP) ,(CVX) ,(F) ,(GS) ,(HAL) ,(PFE) ,(SLB) ,(SUN) ,(USO) ,(VLO) ,(WFC) ,(USB) ,(PBR), (JPM), (LMT), (GD), (AET), (GM); Finerman's Firm Owns (MRO); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Finerman's Firm And Finerman Own (BAC) Preferred Shares And Are Short (BAC); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Najarian Owns (PFE); Najarian Owns (BP) Call Spread; Najarian Owns (CLF) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (HIG) Put Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (PCU) Calls; Finerman's Firm Owns (IBB), (XBI), (CSCO), Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (BWA) Puts

Terranova Owns (XBI), (ABT), (RIMM), (HES), (TER), (BTU), (MS), (JPM), (MS), (HES); Terranova Is Short (XOM) Call Spreads; Terranova Owns (DIS) Call Spreads: Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of  (ABD),(ARE),(CAL),(DLR),(EPR),(EXR),(IGE),(MEE),(DBC),(DBV),(DBA),(SKT),(UA),(CLB), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of  Seagate Tax Refund Rights

© 2009 CNBC.com

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