Your First Move For Friday June 19th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests long Market Vector Russia ETF .
Guy Adami recommends longAmgen .
Joe Terranova prefers longPeabody Energy .
Jared Levy of Peak 6 tells the desk “Sell the July 75-put in Monsanto.”
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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.
QUADRUPLE WITCHING: Friday marks quadruple witching for the markets; should we expect a see-saw day?
I think we'll see some volatility, explains Jared Levy. However historically quadruple withcing has been an up day.
IPHONE LAUNCH:Apple releases its new iPhone Friday. Will it be as big a hit as most analysts are anticipating?
I think the iPhone release is going to be huge, speculates Andy Hargreaves of Pacific Crest.
CARMAX EARNINGS: Carmax is set to report earnings before the bell Friday; a profit of 4 cents is expected, a decline of 67% year over year.
If you want to play the autos I'd get long Ford or BorgWarner around $30, counsels Guy Adami.
BEARISH ON FINANCIALS? Earlier today on Fast Money’s Halftime Report, Dan Fitzpatrick suggested steering clear of financials. He said, “I think there’s more risk to the downside.”
I agree, says Tim Seymour. However in the space I do like Lincoln National .
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Trader disclosure: On June 18th, 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 (C), (GS), (BTU), (AGU), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI); Seymour's Firm Owns (RSX); Levy's Firm Owns (MON); Terranova Owns (XBI), (TER), (BTU), (ABT), (MSFT); Terranova Owns (BRCM) & Is Short (BRCM) Calls; Terranova Owns (POT)& Short (POT) Calls; Terranova Is Short (JPM)& Is Short (JPM) Calls; Terranova Owns (MS) & Short (MS) Calls; Teranova Owns (X) & Is SHort (X) Calls; Terranova Owns July Nat Gas Futures ; Terranova Owns (DIS) Octovber Call Spread; Terranova Is Short (XOM) Call Spread; Terranova Is Short (GENZ) Call Spread; Terranova Is Short (OIH)& (OIH) Puts; Terranova Is Short (RIG)& (RIG) Puts; Terranova Is Short (FCX)& (FCX) Puts; Terranova Is Short (RIMM)& (RIMM) Puts; Terranova Is Short (IBM) Calls