Fast Trades Into Monday's Close

Monday, 13 Jul 2009 | 1:52 PM ET

How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.

BUY Johnson and Johnson? The pharma-consumer name is coming out with reports tomorrow morning. How should you play?

"I’d lean on the bullish side here", says Mike Khouw of Cantor Fitzgerald.


BUY CSX: The railroad stock CSX is reporting after the bell today. Do you bet on this one into the close?

OptionMONSTER trader Jon Najarian says yes, but he is only slightly bullish.


BUY OIL?Oil has been trading below the $60 mark. After two weeks of almost constant selling, are we near a bottom in the crude yet?

Despite the moves, Addison Armstrong of Traditional Energy says being flat and cautious is the way to go right now.


BUY Intel? The world’s largest chipmaker is out with earnings after the bell tomorrow. How should you play?

Research analyst Zach Karabell of River Twice Research says to not think overly defensively in stocks If you want to play with stocks, play with ones that will pop.


Trade to Close: Water play

Veolia Environ, the largest global water infrastructure plays had a disappointing last couple quarters but they have cut back on spending and costs. With countries like India and China focusing on infrastructure companies, Veolia is everywhere. This is a trade you want to look at says Karabell.


Call the Close

Mike Khouw: He’s on the sidelines until Intel earning reports on corporate America’s IT spending.

Addison Armstrong: If oil tests $58.32 the weakness will be too much to stand in front of.

Jon Najarian: I'm looking for the market to trade higher into the Goldman numbers

Zach Karabell: It’s a tough day to be long.

Trader disclosure: On July 9th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;
Jon Najarian Is Long GS
Jon Najarian Is Long MS
Jon Najarian Is Long JPM
Jon Najarian Is Long INTC
Mike Khouw's Firm Is Long JNJ and Short JNJ Options
Mike Khouw's Firm is Short GS and Long Gs Options

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