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 INTEL?: Buy Intel before earnings today? JJ Kinahan of Think Or Swim says, he’s a buyer.
BUY YUM BEFORE EARNINGS TODAY?: Patty Edwards of Storehouse Partners says, Yum has great exposure overseas, and with the continuing growth in China she believes there is growth in the long term.
BUY PHARMA?: Look at diversification says, FM trader Joe Terranova. Places like Abbotts Labs have diversification globally in China. But you should wait for the numbers before buying, says Joe.
BUY OIL?: I'm shortChevron, Exxon and the chart tells me to stay short, says Dennis Gartman of The Gartman Letter
TRADE TO GO: NATURAL GAS
Natural gas turned around on Tuesday, says Joe. He adds, in the next couple days, heading into storage you want to be longApache, XTO, Chesapeake. Play those names for a little bit of a recovery.
CALL THE CLOSE
Joe Terranova: I like the structure of the market. I’m a buyer
Dennis Gartmen: I’m sellingoil stocks and buying food.
Patty Edwards: I’m with Gartmen, I’m buying food. But overall I’m still short.
JJ Kinahan: I’m a buyer of Intel and the overall market going into the close. We tend to have bullish activity on expiration week.
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