Your First Move For Monday June 8th
Here’s our Fast Money Final Trade. Our gang gives you Monday’s best trades, right now.
Joe Terranova suggests long Green Mountain Coffee which he says could go to $100.
Guy Adami recommends longWal-Mart as a bet the company holds new found customers after the recession eases.
Karen Finerman prefers longNokia as a play on handsets.
Tim Seymour says, “there’s a big squeeze going on in RTI International. Take a look.
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.
DOW CHANGES: Monday morning the DOW 30 will change as Cisco replaces General Motors and Travelers take over for Citi.
I wouldn't do anything with either of these names on that news, says Karen Finerman.
TREASURY AUCTIONS: The government holds a series of Treasury auctions including 10-year notes and 30-year bonds ; could weak demand for the treasuries spark a market sell off?
Let's hope that foreigners are buying, says Joe Terranova.
OIL TO CONTINUE CLIMB? Investors will continue to watch the oil trade as we continue to hover at 7-month highs, can it continue into next week?
I do not think oil continues higher, speculates Tim Seymour. There is zero demand behind the numbers.
HOME DEPOT MEETING:Home Depot holds its annual investor day on Wednesday. Home Depot failed to participate in May's stock market rally dropping 8% as the stock market soared 4%.
I think Home Depot has room to go higher, says Guy Adami.
CAT MEETING: Machinery giant Caterpillar holds its annual shareholder meeting. Shareholders should be pretty upbeat as the stock has had 62% run-up in the past 3-months.
Technically the 200-day moving average is in its way, says Joe Terranova, and the fundamentals aren't in place yet.
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Trader disclosure: On June 5th, 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), (MSFT), (NUE), (BTU); Finerman's Firm Owns (PBR), (PM), (TBT); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (XRT); 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's Firm And Finerman Own (FLS); Finerman's Firm Owns (MSFT), (RSH), (FLIR), (CSCO), (NOK); Seymour Owns (AAPL), (BAC), (F); Terranova Owns (TER), (ABT), (XBI);
Terranova Owns (BTU) And Is Short (BTU) Calls; Terranova Owns (RIMM) And Is Short (RIMM) Calls; Terranova Owns (GENZ) And Is Short (GENZ) Calls ; Terranova Owns (X) And Is Short (X) Calls; Terranova Owns (MS) And Is Short (M)S Calls; Terranova Owns (JPM) And Is Short (JPM) Calls; Terranova Owns (POT) And Is Short (POT) Calls; Terranova Owns (BRCM) And Is Short (BRCM) Calls; Terranova Owns (HES) And Is Short (HES) Calls ; Terranova Owns (IBM) And Is Short (IBM) Calls; Terranova Is Short (XOM) Call Spreads ; Terranova Owns (DIS) Call Spreads; Terranova Is Short (FCX) And (FCX) Puts
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), (CAL), (CLB), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (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