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Your First Move For Tuesday June 8th

Monday, 7 Jun 2010 | 6:07 PM ET

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

Joe Terranova suggests longnat gas.


Dennis Gartman prefers longgold .

Karen Finerman recommends longPhilip Morris .

Pete Najarian thinks Heinz is a buy.


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FAST MESSAGE: YOUR QUESTION ABOUT APPLE VS. SPRINT

Jeff writes “Most of my friends are switching from the iPhone to the new 4G phone from Sprint. Do the traders think this poses a risk to Apple ?

I think Sprint is great, replies Brian Kelly. But it’s not a huge thing for Apple.

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 JUNE 7, 2010, THE FOLLOWING STOCKS AND COMMODITIES MENTIONED OR INTENDED TO BE MENTIONED ON CNBC’S FAST MONEY WERE OWNED BY THE FAST MONEY TRADERS; TERRANOVA OWNS (SWN); TERRANOVA OWNS (GLD); TERRANOVA OWNS (RIG); TERRANOVA OWNS (IPSU); TERRANOVA OWNS (RSX); TERRANOVA OWNS (PFE); TERRANOVA OWNS (TER); TERRANOVA OWNS (APA); TERRANOVA OWNS (AXP); TERRANOVA OWNS (BMO); TERRANOVA OWNS (BBY); TERRANOVA OWNS (DIS); TERRANOVA OWNS (XCO); TERRANOVA OWNS (AAPL); TERRANOVA OWNS (CVS); TERRANOVA OWNS (IPI); TERRANOVA OWNS (TEVA); TERRANOVA OWNS (FXB); TERRANOVA OWNS (IPI); TERRANOVA OWNS (SU); TERRANOVA OWNS (V); GARTMAN OWNS (AAPL);GARTMAN OWNS (NFLX);GARTMAN IS SHORT (GS); GARTMAN IS SHORT THE S&P 500; GARTMAN IS SHORT THE YEN; GARTMAN IS SHORT THE POUND; GARTMAN OWNS GOLD; PETE NAJARIAN; PETE NAJARIAN OWNS (AMD) CALLS; PETE NAJARIAN OWNS (C); PETE NAJARIAN OWNS KELLY OWNS (GS) PUTS; KELLY OWNS (SPY) PUTS

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)

BRIAN KELLY
KANUNDRUM CAPITAL IS SHORT (GS)
KANUNDRUM CAPITAL IS SHORT (CME)
KANUNDRUM CAPITAL IS SHORT THE EURO
KANUNDRUM CAPITAL IS SHORT (XLK)
KANUNDRUM CAPITAL IS SHORT (XLI)
KANUNDRUM CAPITAL IS SHORT (XLF)
KANUNDRUM CAPITAL IS SHORT (XLB)
KANUNDRUM CAPITAL IS SHORT (FCX)
KANUNDRUM CAPITAL IS LONG (TLT)
KANUNDRUM CAPITAL IS LONG U.S. DOLLAR
KANUNDRUM CAPITAL IS LONG (GLD)
KANUNDRUM CAPITAL IS LONG (GFI)
KANUNDRUM CAPITAL IS LONG (AUY)

CHRIS MUTASCIO
**NO DISCLOSURES**

GENE MUNSTER
PIPER JAFFARY MAKES A MARKET IN (AAPL)
PIPER JAFFARY MAKES A MARKET IN (GOOG)

MIKE KHOUW
CANTOR FITZGERALD & CO. MAKES A MARKET IN (SPY)

LATE ADDITIONS:
FINERMAN'S FIRM IS SHORT (IJR)
FINERMAN'S FIRM IS SHORT (IWM)
FINERMAN'S FIRM IS SHORT (SPY)
FINERMAN'S FIRM IS SHORT (MDY)
FINERMAN OWNS (AAPL)
FINERMAN'S FIRM AND FINERMAN OWN (HPQ)
FINERMAN OWNS (GS) CALLS
FINERMAN'S FIRM OWNS (JPM), (J)PM) CALLS
FINERMAN OWNS (JPM)
FINERMAN'S FIRM OWNS (BAC), (BAC) CALLS
FINERMAN OWNS (BAC), (BAC) PREFERRED
FINERMAN'S FIRM AND FINERMAN OWN (CVS)
FINERMA'NS FIRM OWNS (BP) CALLS
FINERMAN OWNS (RIG) CALLS
FINERMAN OWNS (RIG) CALLS

Late additions:
Pete Najarian Owns (CELG)
Finerman's Firm Owns (PM)

  Price   Change %Change
HNZ
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PM
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S
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AAPL
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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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