Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests longMechel Steel .
Guy Adami recommends longMGM.
Karen Finerman prefers long Best Buy.
Joe Terranova thinks Medtronic is a buy.
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FAST FLASH: SNDK AT 52-WK HIGH
Sandisk hit a new 52-week high on Monday after Apple said it was selling an iPad every 3 seconds. Sandisk is a maker of key components in the gadget.
What should you make of it?
At 14 times forward earnings I think the stock is rich, says Guy Adami. I’d rather be in Western Digital.
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COFFEE SPIKES
Coffee prices have surged lately after an early cold snap during Brazil's harvest sparked a buying frenzy.
Also, coffee exports from Uganda, Africa’s biggest exporter, may fall 17 percent this month, the Uganda Coffee Development Authority said.
What’s the trade?
I’d play it with a long position in Green Mountain, says Joe Terranova.
Or check out the DBA, says Tim Seymour.
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BEST BUY EARNINGS PREVIEW
With Best Buy earnings due Tuesday before the bell, what should you expect and how will results move the stock?
Options action looks bullish, says Pete Najarian. It suggests to me we could see positive numbers.
I’m long Best Buy, reveals Karen Finerman, I like the valuation. And if you’re looking for a downstream trade, what Best Buy says should have an impact on Corning.
I like the stock too but I’d wait for a pullback, says Joe Terranova.
