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Your First Move For Thursday June 11th

Wednesday, 10 Jun 2009 | 6:12 PM ET

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

Jeff Macke recommends longUnited States Oil Fund

Joe Terranova suggests longProShares UltraShort 20+ Year Trea. ETF as a bearish bet on Treasuries.

Karen Finerman prefers longEmulex as a potential takeover target

Pete Najarian thinks Caterpillar is a buy because new orders are up.

Chartology: Rising Rates
The Fast Money guys take a look at rising rates.

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.

YIELDS HIGHER? Treasury yields soared to 7-month highs Wednesday; and we'll get an $11 billion auction of 30-year bonds Thursday.

I want to know what the demand is from indirect bidders such as foreign banks, explains Joe Terranova.


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CONSUMER COMEBACK? The government will release retail sales data for the month of May.

I'm short the XRT because I think the sector has already priced in a strong recovery, says Karen Finerman.


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CHIP TRADE:National Semiconductor reports earnings before the bell; while the company is expected to post a loss of 41 cents, the stock has experienced a 7% boost after JPMorgan raised its price target earlier this week.

I like the stock, says Pete Najarian.


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Fast & Furious
An outlook on key financial news, with the Fast Money traders.

PULLBACK AHEAD? Earlier Wednesday money manager Doug Kass, who correctly called the March bottom, told CNBC, “I'm constantly shocked at how many investors worship at the alter of price momentum… I think we're entering a danger zone." Is a correction ahead?

I agree with Doug, says Jeff Macke. He may be early but I do think it's time to trim gains.


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Trader disclosure: On June 10th, 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 Is Long (USO), (AGU), (SKF); Najarian Is Long (AAPL) Call Spread; Najarian is Long (FCX) Calls And Puts; Najarian Is Long (JPM), Short (JPM) Calls; Najarian Is Long (PALM) Call Spread; Finerman Is Long (NOK); Finerman Is Short (USO); Terranova Is Long (RIMM) And Short (RIMM) Sept. Calls; Terranova Is Long (MS) And Short (MS) July Calls; Terranova Is Short (XOM) Call Spread; Terranova Is Short (FCX) And Short (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

  Price   Change %Change
CAT
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ELUX.B
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TBT
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USO
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SPDR SPRET
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NATIONSTAR
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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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