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 .
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.
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.
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.
Click here to see other Final Trade posts.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
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