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Your First Move For Tuesday May 4th

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

Tim Seymour suggests longMobile Telesystems as a clean cellular play and as a dividend play.

Joe Terranova says “off the deep-water disaster, don’t touch BP, Anadarko, Halliburton , Cameron or Transocean.”

Karen Finerman recommends long Polycom as a bullish bet on video conferencing and as a possible takeover target.

Pete Najarian thinks McMoRan Exploration is a buy due to bullish options action.

Click here to see other Final Trade posts.

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AFTER HOURS ACTION: LEAPFROG

In extended trade shares of LeapFrog slipped as much as 18% after the interactive toy maker posted a wider-than-expected first-quarter loss, hurt by higher expenses. Also they forecast a wider second-quarter loss.

Shares of the Emeryville, California-based company had more than doubled in the last three months.

What must you know?

It suggests to me that the consumer isn’t doing as well as expected, says Brian Kelly.

I’d be cautious about making a sweeping thesis on the consumer based on LeapFrog results, counters Karen Finerman.

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CHARTOLOGY: CHINA FAILING?

While Greece continues to dominate the headlines and every traders’ attention, the real problem may lie in China after the country surprised investors by increasing bank reserves for a third time this year.

So how do you cash in on China's tightening? Get the technical analysis from Steve Cortes of Veracruz. Watch the video now!

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Got something to say? Send us an e-mail at fastmoney-web@cnbc.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 fastmoney@cnbc.com.

Trader disclosure: On May 3, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (GS) Call Spreads; Najarian Owns (RIMM) Call Spreads; Najarian Owns (TEX) Call Spreads; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (JPM), Is Short (JPM) Calls; Najarian Owns (BAC), Is Short (BAC) Calls; Najarian Owns (C), Is Short (C) Calls; Najarian Owns (WFC), Is Short (WFC) Calls; Najarian Owns (AAPL), Is Short (AAPL) Calls; Najarian Owns (MMR) Call Spreads; Najarian Owns (AMZN) Call Spread; Najarian Owns (AKAM) Call Spread; Najarian Owns (CAT); Najarian Owns (C) Calls; Najarian Owns (CLF) Call Spread; Najarian Owns (F) Calls; Najarian Owns (MMR) Call Spread; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (NSC) Calls; Najarian Owns (NRG) Calls; Najarian Owns (PFE); Najarian Owns (SOA) Call Spread; Najarian Owns (TEX) Call Spread; Najarian Owns (YHOO) Call Spread; Seymour Owns (F), (BAC), (MPEL), (DRYS);(AAPL), (MSFT); Karabell Owns (GS), (C), (AAPL), (VALE), (RIMM); Grasso Owns (NDAQ), (DYN), (LPX), (ASTM), (ABK), (BAC), (BGP), (C), (CVGI), (JPM), (NEM), (PRST), (PFE), (BA), (T), (CSCO), (X)Kelly Owns (FXE) Puts; Kelly Owns (FXB) Puts; Finerman's Firm Is Short (IYR), (MDY), (SPY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Fim Owns (BAC), (BAC) Calls; Finerman Owns (BAC), (BAC) Preferred; Finerman Owns (GOOG); Finemran's Firm And Finerman Own (JPM); Finerman's Firm Owns (MCD); Finerman's Firm And Finerman Own (RIG), (RIG) Calls; Finerman's Firm Is Short (USO); Finerman Owns (WFC) Preferred; Finerman's Firm Owns (PLCM); Terranova Owns (SWN), (XCO), (HES), (AXP), (TER); Terranova Is Short (CMA); Terranova Owns (PFE) May Calls; Terranova Owns (C) May Calls; Terranova Is Long June Gold 2010 Futures; Cortes Is Long U.S. Dollar; Cortes Is Short Crude Oil; Cortes Is Short (IWM) On Spread vs. Long (SPY)

GE Is The Parent Company Of CNBC

For Tim Seymour
Seygem Asset Management Is Short (CLF)
Seygem Asset Management Is Short (VALE)
Seygem Asset Management Owned (PBR) On 4/1/10
Seygem Asset Management Is Short (PBR)
Seygem Asset Management Owns (POT)
Seygem Asset Management Is Short (VALE)
Seygem Asset Management Is Short (X)
Seygem Asset Management Is Short (FCX)

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 (AMKR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Steve Grasso
Stuart Frankel And Its Partners Own (AMR)
Stuart Frankel And Its Partners Own (BAX)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (MERC)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PALM)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PFE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
Stuart Frankel And Its Partners Are Short (AAPL)

For Brian Kelly
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns (AUY)
Kanundrum Capital Owns (GFI)
Kanundrum Capital Owns (TLT)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (AA)
Kanundrum Capital Is Short (ACH)
Kanundrum Capital Is Short (FXI)
Kanundrum Capital Is Short (USO)
Kanundrum Capital Is Short (HES)
Kanundrum Capital Is Short (XOM)
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Swiss Franc
Kanundrum Capital Is Short British Pound

For Anthony Scaramucci
Scaramucci Owns (GS), Skybridge Owns (GS)
Scaramucci Owned (PFE), Skybridge Owned (PFE) On 4/29/10

For Hamzah Mazari
(CLH) Is Or In Past 12 Months Was A Client Of Credit Suisse
Credit Suisse Provided Investment Banking Services To (CLH) In Past 12 Months
Credit Suisse Has Managed Or Co-Managed A Public Offering For (CLH) In Past 12 Months
Credit Suisse Has Received Investment Banking Compensation From (CLH) In Past 12 Months
Credit Suisse Expects To Receive/Seek Investment Banking Compensation From (CLH) In Next 3 Months
Credit Suisse Is A Market Maker Or Liquidity Provider In (CLH)

Symbol
Price
 
Change
%Change
APC
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BP.
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CAM
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HAL
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LF
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NULL
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MCMOP
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PLCM
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RIG
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AAPL
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