Your First Move For Tuesday September 22nd
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Guy Adami recommends longFairchild Semiconductor .
Karen Finerman suggests longChildren’s Place.
Joe Terranova thinks Alcoa is a short.
Tim Seymour says there’s likely more to the move lower in resources. “You can probably buy US Steel cheaper at $42.”
OPTIONS ACTION: AIG
Jon Najarian has spotted unusual options activity in AIG. The volume of calls suggests the stock is worth watching.
The bullish sentiment appears to be driven by retail investors and day traders, with triple the normal volume making bets that the shares could trade as high as $65 by next month, explains Najarian.
Najarian also says there were no signs that big institutions were involved in the surge in activity in the shares on Monday.
The unusual activity happened in conjunction with a government report that said AIG’s once-desperate financial state has started to stabilize. And it also coincided with word that an influential lawmaker will consider easing the terms of the insurer's federal bailout once more.
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Trader disclosure: On Sept. 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 (AA), (AAPL), (BAC), (EEM), (FITB), (INTC), (RIMM), (RIG), (SBUX); Seymour's Firm is Short (PBR); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman Owns (RIG); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC); Finerman Owns (WFC) Preferred Shares; Finerman's Firm Owns (MSFT), (NOK), (PBR), (WMT), (RIG), (TGT), (PLCE), (HPQ); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Terranova Owns (FCX) Puts; Terranova Owns (CAT) Puts; Terranova Is Short (WFC); Terranova Is Short (AA); Terranova Is Short (WYNN); Terranova Is Short (JWN)
For Craig Berger:
FBRCM Acts As A Market Maker In (INTC) Securities
For Jon Najarian
J. Najarian Owns (DAL)
J. Najarian Owns (CAL)
For Toni Sacconahi
Bernstein Owns (DELL)
Bernstein currently makes a market in (DELL)
(DELL) Has Been A Client of Bernstein in Past 12 Months