Your First Move For Tuesday June 2nd
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Jeff Macke suggests long Target .
Guy Adami recommends long Yum .
Karen Finerman prefers long Nokia .
Pete Najarian thinks Nabors Industries 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.
JOIN OIL RUSH?Oil continued to outperform, hitting fresh 7-month highs on Monday; should you buy on the strength?
It sure feels frothy, says Pete Najarian. I'd rather play it with BP, Anadarko or ConocoPhillips.
HOME SALES DATA: We'll get another reading on the state of the housing industry with the release of pending home sales, Tuesday.
I think the housing market will continue to be soft, speculates Deutsche analyst Nishu Sood.
HYPERINFLATION? Universal Investments, sometimes called the Black Swan Fund, announced Monday that they are opening an inflation fund. The fund will invest in options tied to commodities, as well as options on stocks such as oil drillers and gold miners.
I'm already betting on inflation with the TBT , says Karen Finerman.
GM'S FUTURE:GM CEO Fritz Henderson told CNBC “we’re getting the issues with operations and the balance sheet behind us so that the leadership team can focus on products and customers.” Is there a trade?
Only that they're getting $70 billion of my money, bristles Jeff Macke.
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Trader disclosure: On June 1st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (F), (TGT); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (TBT), (RIG), (NOK); Finerman Owns (TBT); Finerman's Firm And Finerman Own (BAC) Preferred Shares And Are Short (BAC); Finerman's Firm Owns (MRO); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IJR), (MDY), (SPY); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (USO); Najarian Owns (AMAT) Call Spread; Najarian Owns (BP) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (HIG) Put Spread; Najarian Owns (PFE); Najarian Owns (MOS; Najarian Owns (XHB) Call Spread; Najarian Owns (MRO) Calls; Najaria Owns (NBR) Calls
Deutsche Bank Owns (CTX)
(CTX) Is A Banking Client Of Deutsche Bank
Deutsche Bank Owns (DHI)
(DHI) Has Been A Client of Deutsche Bank In The Past 12 Months
Deutsche Bank Owns (LEN)
(LEN) Is A Banking Client Of Deutsche Bank
Deutsche Bank Has Received Compensation From (MTH)
(TOL) Is A Banking Client Of Deutsche Bank