Your First Move For Tuesday November 17th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests longSuntech Power .
Gary Kaminsky recommends “staying long the market.”
Karen Finerman prefers long Target .
Joe Terranova thinks Toyota is a buy.
Does Goldman Signal This Is As Good As It Gets?
Lately Goldman has underperformed the S&P as well as the Financial Services ETF.
Considering Goldman has been a broad market 'tell' does the action signal the end of the line?
I’m not happy with the way Goldman is performing, says Joe Terranova, but I think other areas of the market will flow as Goldman ebbs.
It also says to me that there’s rotation going on in this market, adds Gary Kaminsky. And I also think investors are shying away from this stock due to concerns about the bonus issue vexing this company. So, no, I don't think weakness in Goldman should be considered a broad market 'tell.'
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Trader disclosure: On November 16th, 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 (AAPL), (BAC), (EEM), (GE), (INTC); Finerman Owns (RIG), (FLS); Finerman's Firm Owns (CSCO), (RIG), (MSFT), (NOK), (PLCE), (TGT); Finerman's Firm Is Short (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WMT); Finerman's Firm Is Short (IJR), (MDY), (IWM), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (FLS), Is Short (FLS) Calls; Terranova Owns (GS), (JPM), (SU), (AAPL), (GOOG); Terranova Works For (VRTS); Terranova Owns Dec. Crude Oil . Futures; Terranova Owns Dec. Gold Futures; Terranova Owns Dec. Nat Gas Futures
For Brian Kelly
Kanundrum Capital Owns (ELX)
Kelly Owns (ELX) Calls