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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Jun.02
6:17 PM ET
Tuesday, 2 Jun 2009
Your First Move For Wednesday June 3rd

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

Tim Seymour suggests long Giant Interactive [GA  Loading...      ()   ] .

Guy Adami recommends long JetBlue [JBLU  Loading...      ()   ] .

Karen Finerman prefers long Nokia [NOK  Loading...      ()   ] .

Joe Terranova suggests a pairs trade; long biotech [XBI  Loading...      ()   ] and sell FreeportMcMoRan [FCX  Loading...      ()   ] against it.

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.


JOY IN JOYG'S EARNINGS? Joy Global [JOYG  Loading...      ()   ] 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.

---------------

FORD RUN DONE? On Tuesday's Halftime Report Fast Money friend Dan Fitzpatrick suggested staying away from Ford [F  Loading...      ()   ] because “it's right up against technical resistance."

I also think the run is done, says Karen Finerman.

---------------

HOPE FOR HOMEBUILDER? Toll Brothers [TOL  Loading...      ()   ] 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.

---------------

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.

---------------

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.

---------------


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 [US@CL.1  Loading...      ()   ] doesn't not settle above $70, then I think the run in oil is temporarily over, says Joe Terranova.

---------------

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?



______________________________________________________
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 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

Charles Schawb Sponsors Fast Money

© 2009 CNBC.com

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