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Your First Move For Wednesday June 30th

Tuesday, 29 Jun 2010 | 6:07 PM ET

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

Barry Ritholtz suggests long BJs "as a way to play a softening economy."

Tim Seymour recommends long Brazil's Itau Unibanco .

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

Guy Adami likes long BP due to interesting price action. It was one of the few stocks to close higher amid Tuesday's sharp sell-off.

Anthony Scaramucci prefers long Ford which has erased all its gains year to date and is now lower for the year.

Pete Najarian thinks Caterpillar is a buy on the pullback. “It’s too cheap,” he says.

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TESLA IPO SUCCESS - MORE THAN MEETS THE EYE?

Electric carmaker Tesla's initial public offering zoomed ahead on Tuesday with shares rallying sharply as investors bet that electric cars would define the future of transportation.

Is this IPO a hopeful sign for the broader IPO market?

Not necessarily

Billions of dollars have been set aside for investment in green tech and the IPO of Tesla gave some of this money a home, explains Gary Kaminksy.

Topping the Tape: Tesla
Tesla IPO electrifies on a dark day, with Gary Kaminsky.

Click here to see other Final Trade posts.

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Trader disclosure: On June 29, 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), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Pete Najarian owns (MRVL), short calls; Pete Najarian owns (HPQ), short calls; Pete Najarian owns (MRVL), short calls; Pete Najarian owns (CMC) a call spread; Pete Najarian owns (TCK), short calls; Pete Najarian owns (AMD) calls; Pete Najarian owns (LLC) a call spread; Pete Najarian owns (C) calls; Pete Najarian owns (BAC); Pete Najarian owns (BBY) a call spread

For Anthony Scaramucci
Scaramucci and Skybridge Capital own (JNJ)
Scaramucci and Skybridge Capital own (ESV)
Scaramucci and Skybridge Capital own (HAS)
Scaramucci and Skybridge Capital own (JPM)
Scaramucci and Skybridge Capital own (BAC)
Scaramucci and Skybridge Capital own (C)
Scaramucci and Skybridge Capital own (GS)
Scaramucci and Skybridge Capital own (HPQ)
Scaramucci and Skybridge Capital own (DELL)
Scaramucci and Skybridge Capital own (GOOG)
Scaramucci and Skybridge Capital own (SPY)
Scaramucci and Skybridge Capital own US Dollars

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

For Gene Munster
Piper Jaffray makes a market in (AAPL)
Piper Jaffray makes a market in (GOOG)
Piper Jaffray makes a market in (IACI)
Piper Jaffray makes a market in (BIDU)
Piper Jaffray makes a market in (DRIV)
Piper Jaffray makes a market in (YHOO)

For Gary Shilling
Shilling is short equities

Scott Nations
***NO DISCLOSURES***

  Price   Change %Change
BP.
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CAT
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F
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ITUB'
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TSLA
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • 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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