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Your First Move For Friday March 19th

Thursday, 18 Mar 2010 | 6:14 PM ET

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

Tim Seymour says he’s a seller of Alcoa.

Guy Adami recommends long Mylan .

Karen Finerman suggests longTJX .

Joe Terranova does not like UNG .

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AFTER HOURS ACTION: PALM

In extended trade, Palm shares fell as much as 10%, after the handheld device maker provided a very disappointing outlook.

Palm executives told analysts on a conference call that fourth-quarter revenue will be less than $150 million, or about half the revenue posted for the fiscal third quarter ended Feb. 26. Analysts had been expecting revenue of about $306 million, according to Thomson Reuters

What’s the trade?

I think there’s a good chance that the stock goes even lower, speculates Guy Adami. I suspect the play is to short Palm and ride it down to $1.

Even if you’re bullish I would not consider buying until you see a huge volume spike in this name, counsels Joe Terranova.

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EAR TO WALL: SMITHFIELD

Jon Najarian has spotted unusual options activity in Smithfield Food.

The unusual number of April options traded suggests big investors are looking for a sharp increase in share price, says Jon Najarian; potentially it’s a takeover target.

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TIFFANY

With Tiffany shares up nearly 10% over the last month, investors are starting to wonder if high-end consumer are really strong enough to justify the valuations.

How should you game Tiffany stock ahead of earnings Monday March 22nd?

I like this stock into earnings, says Guy Adami. North of $50 however, I’d pull the rip cord.

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 March 18th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Stutland Equities Is A Market Maker in (VIX); Stutland Equities Is A Market Maker in (SPX) Futures; Stutland Owns (GS) Call Spread; Stutland Owns (GE); Kelly Is Short (EURUSD); Kelly Is Short (GBPUSD); Kelly Is Short (EZU); Finerman's Firm Is Short (SPY), (IWM), (MDY), (IJR), (SPY), (USO); Finerman's Firm Owns (IYR) Puts; Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (GOOG); Finerman's Firm And Finerman Own (JPM); Finerman's Firm And Finerman Own (WFC) Preferre ; Grasso Owns (TSO); Grasso Owns (AAPL)

For Steve Grasso
Stuart Frankel & Co. Inc. And Its Partners Are Short (AAPL)

For David Strasser
Janney Montgomery Scott is Market Maker in (BBY)
Janney Montgomery Scott Receives Compensation from (BBY)
Janney Montgomery Scott is Market Maker in (HGG)

GE Is The Parent Company Of CNBC


  Price   Change %Change
AA
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MYL
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SF3
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TIF
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TJX
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UNG
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Contact Fast Money

  • Showtimes

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • 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

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.