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Your First Move For Wednesday February 24th

Tuesday, 23 Feb 2010 | 6:11 PM ET

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Tim Seymour says short MBT down to $47 as a short term trade.

Guy Adami recommends longMedco after our interview with CEO David Snow.

Karen Finerman suggests longJPMorgan .

Joe Terranova thinks Kraft is a buy.

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BARNES & NOBLE STUMBLES

Shares of Barnes & Noble slipped on Tuesday after the company reported sales at its stores dropped sharply during the holidays. Going forward, the company will place more emphasis on its Nook e-reader in the shift toward digital books.

What’s the trade?

I’m short Barnes & Noble, reminds Karen Finerman, because I’m skeptical about a brick and mortar approach to the book selling business.

GameStop is in the same boat, adds Guy Adami.

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SEEKING ORGANIC GROWTH

In this unpredictable market, perhaps the best companies are those poised to grow organically. Gary Kaminksy says keep an eye on Expeditors International, for just that reason. I think it’s a well managed business and although the multiple is high, I’d hold my nose and add to my position.

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AFTER HOURS ACTION: AUTODESK

In extended trade shares of Autodesk shot 5% higher, after the company delivered better-than-expected results on improving demand for its graphics software.

What’s the trade?

The stock is outside of its upper Bollinger band, says Jared Levy of Peak6. That may suggests it's overbought.

I think the stock goes to $28, says Guy Adami. I think it’s okay to own into Thursday.

Fast Money Final Trades
The Fast Money traders share their final trades of the day.

Click here to see other Final Trade posts.

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Trader disclosure: On February 23, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Kaminsky Owns (EXPD), (EPV); Kaminsky Owns (LULU) Puts; Terranova Owns (IBM), (QCOM), (GOOG), (EMC), (AAPL), (DELL), (MSFT); Najarian Owns (HK) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MS); Najarian Owns (RSH) Call Spread; Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (C), (BTU), (AGU); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (UNG),, (USO); Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (CVS), (GOOG), (JPM), (WFC); Finerman's Firm Owns (IBM), (TGT), (WMT)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For David Barse
Third Avenue Management Owns (WY)
Third Avenue Management Owns (ECA)
Third Avenue Management Owns (KEY)
Third Avenue Management Owns (BAM)

For Jared Levy
Peak6 Investments Owns And Has An Options Position In (AAPL)
Peak6 Investments Owns And Has An Options Position In (CERN)
Peak6 Investments Owns And Has An Options Position In (MDRX)
Peak6 Investments Is Short And Has An Options Position In (QSII)
Peak6 Investments Owns And Has An Options Position In (IBM)
Peak6 Investments Is Short And Has An Options Position In (ACN)
Peak6 Investments Is Short And Has An Options Position In (CRM)
Jared Levy Recommends Being Short (AAPL) Call Options In His Options Trade Alerts Account

For Dennis Gartman
Funds Managed By Dennis Gartman Are Short Euro
Funds Managed By Dennis Gartman Are Short British Pound
Funds Managed By Dennis Gartman Are Long Canadian Dollar
Funds Managed By Dennis Gartman Are Long Australian Dollar
Funds Managed By Dennis Gartman Own (PGH)
Funds Managed By Dennis Gartman Own (GLD)

  Price   Change %Change
ADSK
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BKS
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EXPD
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GME
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JPM MLP ETN
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MDLZ
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NULL
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MBTF
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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