Your First Move For Wednesday July 22nd
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour recommends longUNG because “nat gas should come back eventually.”
Steve Grasso suggests longUnitedHealth . “I think Obama looks desperate.”
Karen Finerman prefers short Borg-Warner .
Pete Najarian thinks JoyGlobal is a buy. “If you like Caterpillar you’ll love this stock.”
PIT BULL: What does the action in the pits say about Wednesday’s market?
It seems that the miners are trading on dollar weakness and not intrinsic value, explains options trader Jim Iuorio. I think it’s still game on in the miners. I like Freeport McMoran , Barrick Gold and Gammon Gold . But if the dollar starts to get strong, I’d get out of my long position.
STOCK OF THE DAY: INTUITIVE SURGICAL
Ahead of earnings Wednesday, Pete Najarian recommends putting Intuitive Surgical on your radar. I think this stock is relatively cheap, he says. The stock was around $300 a year ago.
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Trader disclosure: On July 21st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (APPL), (BAC), (DRYS), (EEM), (FCX), (FXI), (INDY), (SBUX), (UNG); Grasso Owns (OXY), (WMT), (XLF), (CSCO), (V); Grasso's Clients Own (UNH), (V), (WMT), (USB), (OXY); Najarian Owns (AAPL) Call Spread & Put Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (ISRG) & (ISRG) Call Spread; Najarian Owns (JNJ) Call Spread; Najarian Owns (MS) & (MS) Call Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (V) & (V) Short Calls; Najarian Owns (YHOO) Call Spread; Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TGT), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IJR), (IYR), (IWM), (MDY), (SPY), (USO)