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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Jul.23
1:04 PM ET
Thursday, 23 Jul 2009
Fast Trades Into Thursday's Close

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 AMERICAN EXPRESS? American Express [AXP  Loading...      ()   ] reports earnings Thursday after the bell; should you buy?

I’m long and staying long, reveals Fast Money trader Joe Terranova.

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BUY FORD?  Shares of Ford [F  Loading...      ()   ] surged higher Thursday after the company posted a $2.3 billion quarterly profit. Is it time to get back into the car trade?

I think Ford is a long-term winner, says Patty Edwards of Storehouse. Although today’s move is a little extreme if you can hold for the long-term, I think you’ll be happy.


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BUY AMAZON?  One day after announcing plans to acquire Zappos.com, Amazon [AMZN  Loading...      ()   ] reports earnings after the bell; should you buy?

I sold my Amazon position, reveals OptionMonster Jon Najarian. I’m on the sidelines.


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BUY BURLINGTON NORTHERN? One of Warren Buffett’s favorite companies, Burlington Northern [BNI  Loading...      ()   ] reports after the bell Thursday; should you buy?

Options traders are predicting a 4% move in the stock, explains Brian Stutland of Stutland Equities. If it gaps up more than 4% I’d get in.


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CALL THE CLOSE

Joe Terranova: With oil near $67 I think the market stays strong.

Jon Najarian: If Microsoft strengthens I’d be an aggressive buyer into the close.

Brian Stutland: I’m a slight seller right now but I think the trend is S&P 1000

Patricia Edwards:  I’m cautious but I wouldn’t fight the tape.


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Trader disclosure: On July 23rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (MCD), (AXP), (AMZN), (MSFT), (QCOM), (SUN), (FTO), (SU), (GS), (APA), (GOOG), (IBM), (INTC), (XBI), (BNI); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (WMT); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY); Finerman's Firm Owns (WFMI) Calls; Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Grasso Owns (BAC), (BA), (COST), (CSCO), (V), (WMT), (CLF); Grasso's Company Owns (ABT), (MSFT), (GERN), (NYX), (XOM), (SDS); Grasso's Company Is Short (QQQQ)

© 2009 CNBC.com

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