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Breaking Down Ford's Rally

Ford rallied Thursday after announcing sales jumped over 13%, but with a looming General Motors IPO and potential consumer slowdown, we asked the Fast Money traders if your book should be "Ford Tough."

"They're doing everything right and they're one of the best businesses out there," says Guy Adami of Drakon Capital. He remains bullish on Ford.

Tim Seymour of EmergingMoney.com says people were long suppliers and short Ford. When the auto maker reported good news this week, it created a short squeeze and that's why the stock went higher.

Joe Terranova took a turn and recommends getting long natural gas. He pointed to the Tesla IPO and said private investors are interested in clean energy.

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Trader disclosure: On July 1, 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), (BAC), (F), (MON); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Terranova owns (MON), (AGU), (KO), (XOM), (TEVA), (RDS.A), (GMCR), (UPL), (GS); Terranova is short gold; Terranova owns (GLD) July 123 puts; Terranova owns (GS) JULY 130 CALLS; Terranova owns (GS) JULY 135 CALLS; Grasso owns (ASTM), (ABK), (BAC), (BGP), (C), (CSCO), (DYN), (JPM), (LPX), (MO), (NDAQ), (PFE), (PRST)

For Steve Grasso:
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Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
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Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
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Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners own (TLM)
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Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)
Stuart Frankel & Co and it’s partners are short (AAPL)

For Patty Edwards
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Edwards owns (BBY) for clients
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Edwards owns (XOM) for clients
Edwards owns gold for clients
Edwards owns platinum for clients
Edwards owns silver for clients
Edwards owns the Russell 2000 for clients
Edwards owns the S&P500 for clients

Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (CASS)
Virtus Investment Partners owns more than 1% of (LDR)
Virtus Investment Partners owns more than 1% of (LPHI)
Virtus Investment Partners owns more than 1% of (MGRC)
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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 (XLK)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (SUBK)
Virtus Investment Partners owns more than 1% of (WDFC)
Virtus Investment Partners owns more than 1% of (YDNT)
Virtus Investment Partners owns more than 1% of (DRYS)

David Riedel
***No Disclosure***

Ashraf Ladhi
***No Disclosure***

Joe Lavorgna

***No Disclosures***

Carter Worth

***No Disclosures***

Richard Kang

Funds Managed By Kang Own Shares Of Aluminum Corp. Of China
Funds Managed By Kang Own (STP)

Rich Greenfield

***No Disclosures**

Wayne Hood
***No Disclosures***

Brian Stutland

Stutland owns (TLT)
Stutland owns US Treasuries

Added Disclosures

Seymour Owns (MSFT)

Seymour Owns (QCOM)

NBC Universal Is The Parent Company Of CNBC

Edwards Owns (PM)

Edwards Owns (PM) For Clients

Edwards Owns (CBI) For Clients

Seymour Owns (INTC)

Edwards owns (HD) for clients

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