RECENT POSTS
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Chartology – The Stocks/Jobs Disconnect
- The Latest Picks That Paid — Friday, November 6
- Pops & Drops: Burlington Northern, Starbucks, Kraft...
- Time to Trade on Unemployment
- BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
STRONG SECOND HALF AHEAD?
The second half of 2009 kicked off with a bang with both the Dow [.DJIA
Loading...
()
] and S&P [.SPX
Loading...
()
]trading higher after reports showed manufacturing began improving, albeit modestly. The data lifted natural resource and energy stocks and offset figures from ADP which showed private employers cut 473,000 jobs in June -- more than expected.
Over on the Nasdaq [.NCOMP
Loading...
()
], the bulls took charge of the tech sector [XLK
Loading...
()
] with Microsoft [MSFT
Loading...
()
] higher after new data showed that its Bing search engine gained market share and Intel [INTC
Loading...
()
] up on a positive comments from a Barclay's analyst.
How should you be positioned?
Instant Insights with the Fast Money Traders
I’m watching 93.20 in the SPDRs [SPY
Loading...
()
], reveals Jeff Tomasulo of SMB. And I’m being very selective in my trades because it’s a Holiday week and volume is light.
| ||
If you look at the market over the past two months all it's done is go sideways, muses John Kosar of Asbury Research. Right now I'm watching the Vix [VIX
Loading...
()
]. Historically if it slips down to around 18 it signals a peak in the S&P.
And as for tech, it looks overextended to me, adds Kosar. I think it’s a risky bet to be long.
It seems to me tech will lead us out if anything can, adds Patty Edwards of Storehouse. But I’m a little skeptical, too.
I did not think Intel [INTC
Loading...
()
] would get above $17 but here it is, muses Guy Adami. However I would not chase it at these levels.
---------------
FORD IN THE NEWS
Shares of Ford [F
Loading...
()
] traded higher after the automaker said its June U.S. sales fell only 10.7 percent from a year earlier, a far smaller drop than in previous months and a sign that auto sales may be recovering.
CRT Capital put a $2 price target on this stock, reminds Guy Adami, but I don’t agree with it. Ford is raising production and gaining marketshare. I think it could go to $8.
If I were to play the sector I’d also play Ford, adds Patty
---------------
TOPPING THE TAPE: CONSUMER SHARES
Consumer shares traded higher on Wednesday after General Mills [GIS
Loading...
()
]forecast better-than-expected earnings for the current fiscal year, helped by new products and moderating commodity costs.
What's the trade?
I know that Wal-Mart [WMT
Loading...
()
] and Costco [COST
Loading...
()
] have talked about going back to any of their suppliers that had commodity price hikes last year and trying to get that back for the consumers now, explains Patty Edwards. Given that, they may have to roll back prices. But I think General Mills is still a long. Consumers just aren’t spending as much in restaurants.
In the space I like Coca-Cola [KO
Loading...
()
], counsels Jeff Tomasulo. But wait for a pullback.
---------------
AIG’S REVERSE SPLIT
AIG shares [AIG
Loading...
()
] fell on Wednesday despite a 1-for-20 reverse stock split. This would mean if you own 1,000 shares you now own 50.
To me something like this is a death knell, says Guy Adami. I’d run for the hills.
---------------
STRONG CHINA MANUFACTURING. DATA LIFTS COMMODITIES
Strong manufacturing data from China boosted metal prices and helped shares in natural resource companies like Freeport-McMoRan [FCX
Loading...
()
].
China's official purchasing managers' index (PMI) for June rose to 53.2 from 53.1 in May, consolidating for the fourth month in a row above the watershed mark of 50.
A reading over 50 indicates an expansion in manufacturing sector, while one below 50 suggests contraction.
What’s the commodities trade?
I think the game changed just a little bit on Tuesday because of the move in corn[US@C.1
Loading...
()
], reminds strategic investor Dennis Gartman. The crop is much larger than estimates and with a huge crop coming, grains could be under pressure.
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Chartology – The Stocks/Jobs Disconnect
- The Latest Picks That Paid — Friday, November 6
- Pops & Drops: Burlington Northern, Starbucks, Kraft...
- Time to Trade on Unemployment
- BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks
- Halftime Report: Wal-Mart Poised for Breakout
- Your First Move For Friday November 6th
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes