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Jon Najarian suggests long Novellus [NVLS
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] due to unusual options activity.
Joe Terranova prefers long FXY [FXY
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] as a play on Japan’s yen.
Steve Cortes suggests a pairs trade; short Nasdaq [.NCOMP
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] and long S&P [.SPX
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] because "I think tech is too crowded and financials are still under-owned."
Pete Najarian thinks Joy Global [JOYG
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] is a buy. “Keep an eye on this sun of a gun,” he says.
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WHO MADE THE MOST MONEY TODAY?
The top spot goes to Michael Dell who made over $1.5 million on his Dell shares [DELL
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] after the stock climbed 2% ahead of earnings.
Click here to see other Final Trade posts.
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Trader disclosure: On Aug 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (C) Calls; Najarian Owns (FCX), Is Short (FCX) Calls, Owns (FCX) Puts; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (V) & Short (V) Calls; Najarian Owns (YHOO) Call Spread; Terranova Owns (AMZN), (MSFT), (WFT), (BTU), (MA), (SHLD); Terranova Is Short (KBH); Terranova Works For (VRTS); J. Najarian Owns (AMD), (AAPL), (BX), (DRY), (LDK), (NTRS), (NUE), (FRE), (FNM), (NVLS); J. Najarian Owns (BAC) Preferred; Cortes Owns (SPX); Cortes Is Short Nasdaq 100; Cortes Owns (GS)
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