GO
Loading...

Your First Move For Tuesday June 15th

Monday, 14 Jun 2010 | 6:09 PM ET

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.

----

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.

----

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.

----

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.

Fast Money Final Trades
The Fast Money traders share their final trades of the day.

Click here to see other Final Trade posts.

______________________________________________________
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 June 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL); Edwards owns (PM); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman’s firm own (AAPL); Finerman owns (AAPL); Finerman’s firm owns (BBY); Finerman owns (BBY); Finerman’s firm owns (BP) calls; Finerman owns (GLW); Finerman’s firm owns (HPQ); Finerman owns (HPQ); Fienrman owns (RIG) calls; Finerman’s firm is short (IJR); Finerman’s firm is short (MOY); Finerman’s firm is short (SPY); Finerman’s firm is short (IWM); Terranova owns (IPSU), (BX), (PFE), (GMCR), (RSX), (TER), (AXP), (BMO), (BBY), (DIS), (XCO), (SWN), (GLD), (AAPL), (IPI), (SU), (V), (TEVA); Terranova owns UK Pounds; Terranova owns Euros; Terranova is short the US Dollar

For Tim Seymour
Seygem owns (MTL)

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 (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)

Patty Edwards
Edwards owns (HES) for clients
Edwards owns (XOM) for clients
Edwards owns (RIG) for clients
Edwards owns (NE) for clients
Edwards owns (SLB) for clients
Edwards owns (HAL) for clients
Edwards owns (WFT) for clients
Edwards owns (DO) for clients
Edwards owns (GLW) for clients
Edwards owns (BBY) for clients
Edwards owns (CVS) for clients
Edwards owns (V) for clients
Edwards owns (AKAM) for clients
Edwards owns (AAPL) for clients
Edwards owns (DELL) for clients
Edwards owns (HPQ) for clients
Edwards owns (INTC) for clients
Edwards owns (TXN) for clients
Edwards owns (NVDA) for clients
Edwards owns (STM) for clients
Edwards owns (CSCO) for clients
Edwards owns (SPY) for clients
Edwards owns (QQQQ) for clients
Edwards owns (PM) for clients

Dennis Gartman
Funds Managed By Dennis Gartman Are Short Yen
Funds Managed By Dennis Gartman Are Long Canadian Dollar, Australian Dollar

Mike Khouw
Cantor Fitzgerald makes a market in (HOT)

Jon Najarian
Jon Najarian owns (NYX) and seats on the exchange
Jon Najarian owns (CME) and seats on the exchange
Jon Najarian owns (CBOE) and seats on the exchange

Ed Mills
***No Disclosures***

Darren Horowitz
Raymond James & Associates received non-securities-related compensation from (EPD) within the past 12 months.
Raymond James & Associates received non-securities-related compensation from (PAA) within the past 12 months.

  Price   Change %Change
BBBY
---
DBA
---
GLW
---
GMCR
---
MDT
---
MGM
---
SNDK
---
WDC
---
AAPL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • 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