Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour says “The gold miners failed and there is a short trade in these guys.”
Guy Adami suggests longSAP. (Click here to check out our interview with SAP president of global field operations Bill McDermott.)
Joe Terranova says Carnival Cruise Lines is a sell at $32.
Pete Najarian thinks Titanium Metals is a buy due to unusual options activity.
THE OIL TRADE
Oil prices settled higher even as OPEC ministers signaled no plans to cut oil production, and as the U.S. Energy Information Administration cut its oil demand forecast this year and next.
What’s the oil trade?
Forget OPEC, counsels Joe Terranova. The trade is all about inventories being worked off. If the inventories report out Thursday shows a reduction in supply, oil should spike above $73.
STREET FIGHT MCDONALD’S VS. STARBUCKS
Shares of McDonald’s finished lower on Wednesday due to slowing sales while Starbucks jumped on news that it’s going to keep more stores open.
What’s the trade?
I’m a little scared of McDonald’s after their latest sales data, says the Negotiator.
I love the Starbucks story, says the Pit Boss. They’re making strategic moves that I find attractive. And they just took 30 U.S. stores off their closure list after performance improved considerably.
But I also like McDonald’s, he adds. These numbers do not shake my confidence in this stock.