Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests longGiant Interactive .
Guy Adami recommends longJetBlue .
Karen Finerman prefers longNokia .
Joe Terranova suggests a pairs trade; longbiotech and sell FreeportMcMoRan against it.
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.
JOY IN JOYG'S EARNINGS?Joy Global reports earnings Wednesday; a profit of 89 cents is expected, an increase of 35% year over year.
I think this stock is ahead of itself, says Joe Terranova. I'm a buyer lower.
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FORD RUN DONE? On Tuesday's Halftime Report Fast Money friend Dan Fitzpatrick suggested staying away from Ford because “it's right up against technical resistance."
I also think the run is done, says Karen Finerman.
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HOPE FOR HOMEBUILDER?Toll Brothers reports earnings Wednesday; a loss of 50 cents is expected, a 15% decline year over year.
I think a homebuilder like this one is a lottery ticket, says Guy Adami.
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SERVICES PICTURE: We'll get a reading on the state of the services industry with the release of ISM Services. A reading of 45 is expected, up slightly from the previous reading of 43. A reading below 50 indicates a contraction.
I think the market will respond the same no matter what the number is, speculates Karen Finerman.
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BERNANKE ON THE HILL: Fed Chairman Ben Bernanke will testify on the challenges facing the economy before the House Budget Committee.
I think we'll hear about headwinds, says Tim Seymour. Bernanke wants the economy to appear weaker so he can keep rates down.
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CRUDE TO CONTINUE CLIMB? The government will release its crude inventories Wednesday. The last reading showed a surprise decline of over 5-million barrels, sending oil soaring 3%.
If stats are bullish and oil doesn't not settle above $70, then I think the run in oil is temporarily over, says Joe Terranova.
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FORBES CELEBRITY LIST RELEASED: Forbes releases its annual list of the top earnings celebrities, last year's top ranking celebrity was none other than Oprah.
I expect to see Oprah ontop again, says Tim Seymour. Who can top her?
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Trader disclosure: On June 2nd, 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); Seymour Owns (GA), (TTM), (AAPL), (FCX), (FXI), (EEM), (RIMM), (NOK), (MGM), (INFY), (FCX); 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); Finerman Owns (TBT); Finerman's Firm Owns (TBT), (RIG), (MRO); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (XRT)
Terranova Owns (FCX), (TER), (ABI), (XBI); Terranova Owns (POT) & (POT) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (BTU) & (BTU) Calls; Terranova Owns (RIMM) & (RIMM) Calls ; Terranova Owns (GENZ) & (GENZ) Calls; Terranova Owns (MS) & (MS) Calls; Terranova Owns (IBM) & (IBM) Calls; Terranova Is Short July Oil Futures; Terranova Is Short August Oil Futures; Terranova Is Short September Oil Futures; Terranova Owns December Oil Futures; Terranova Owns December 2010 Oil Futures; Terranova Is Short August Gold Futures; Terranova Is Short August Nat Gas Futures; Terranova Is Short July Nat Gas Futures; Terranova Owns December Nat Gas Futures; Terranova Owns (X) & (X) Calls; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (JOYG) & (JOYG) Calls; Terranova Owns (DIS) Call Spread
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