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Your First Move For Thursday July 8th

Wednesday, 7 Jul 2010 | 6:34 PM ET

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

Tim Seymour recommends longPotash

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

Guy Adami recommends long Visa

Karen Finerman prefers longJPMorgan .

Joe Terranova thinks Hess is a buy.

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BIG MOVES: NETFLIX


The traders are closely watching the action in Neflix which surged higher on Wednesday.

What should you make of it?

There's very high short interest in this stock, explains Karen Finerman. Considering the rally we had on Wednesday, it could be a short squeeze. Personally, I’d be terrified to be either long or short of this one.

I'd note that the moves in Massey , US Airways, Human Genome are also likely shorts unwinding, adds Joe Terranova.

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BP LATEST

BP & Anadarko Add to Rally
A check on the energy companies that added to today's rally.

BP boss Tony Hayward met officials from an Abu Dhabi state investment fund on Wednesday, the latest stop on a international quest for money to ward off takeovers and help pay the huge costs of the worst oil spill in U.S. history

What’s the trade?

I think BP has limited upside but I do like Anadarko, says Joe Terranova

Click here to see other Final Trade posts.

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Trader disclosure: On July 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; inerman and Finerman’s Firm owns (AAPL); Finerman’s Firm owns (AEO); Finermans’ Firm owns (ANF); Finerman’s Firm owns (BAC) stock and calls; Finerman and Finerman’s Firm own (BAC) preferred; Finerman and Finerman’s Firm owns (BBY); Finerman owns (BP) calls; Finerman and Finerman’s Firm owns (C); Finerman and Finerman’s Firm own (CVS); Finerman owns (GLW); Finerman & Finerman’s Firm owns (GOOG); Finerman & Finerman’s Firm owns (HPQ); Finerman & Finerman’s Firm owns (IBM); Finerman & Finerman’s Firm owns (JPM) stock & calls ; Finerman’s firm owns (PM); Finerman’s Firm owns (RIG); Finerman’s Firm owns (TGT); Finerman’s Firm owns (WMT); Finerman’s Firm is short (IJR); Finerman’s Firm is short (IWM); Finerman’s Firm is short (MOY); Finerman’s Firm is short (SPY); Kelly Owns (BP) Puts; Kelly Is Short (GS);Terranova Owns (BAC), (MRVL), (MYL), (MON), (APC), (GMCR), (AXP), (TER), (XCO), (GOOG), (AMZN), (GS), (CVS), (ABT), (HES), (ADI), (ADBE), (AKAM), (EMC); Seymour owns (AAPL), (BAC), (GOOG), (INTC), (POT), (WBD); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck

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 (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)
Virtus Investment Partners owns more than 1% of (XLB)
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)

For Brian Kelly:
Accounts managed by Kanundrum Capital own (AUY)
Accounts managed by Kanundrum Capital own (GFI)
Accounts managed by Kanundrum Capital own Gold
Accounts managed by Kanundrum Capital own Treasuries
Accounts managed by Kanundrum Capital own US Dollars
Accounts managed by Kanundrum Capital ARE short (AMZN)
Accounts Managed By Kanundrum Capital Are Short (BCS)
Accounts managed by Kanundrum Capital ARE short (RCL)
Accounts managed by Kanundrum Capital ARE short (XLY)
Accounts managed by Kanundrum Capital ARE short (XLE)
Accounts managed by Kanundrum Capital ARE short (AFL)
Accounts managed by Kanundrum Capital ARE short (CME)
Accounts managed by Kanundrum Capital ARE short (EWI)
Accounts managed by Kanundrum Capital ARE short (EWO)
Accounts managed by Kanundrum Capital ARE short (GS)
Accounts managed by Kanundrum Capital ARE short (HIG)
Accounts managed by Kanundrum Capital ARE short (RKH)
Accounts managed by Kanundrum Capital ARE short (XLF)
Accounts managed by Kanundrum Capital ARE short (XLI)
Accounts managed by Kanundrum Capital ARE short (FCX)
Accounts managed by Kanundrum Capital ARE short (GFI)
Accounts managed by Kanundrum Capital ARE short (JOYG)
Accounts managed by Kanundrum Capital ARE short (XLB)
Accounts managed by Kanundrum Capital ARE short (XLK)
Accounts managed by Kanundrum Capital ARE short (V)
Accounts managed by Kanundrum Capital ARE short (PCAR)
Accounts managed by Kanundrum Capital ARE short (COF)
Accounts managed by Kanundrum Capital ARE short (KMX)

Doug Kass
**No Disclosures**

Gary Shilling
**No Disclosures**

Rob Samuels
**No Disclosures**

Heather Bellini
**No Disclosures**

Mike Khouw
Cantor Fitzgerald makes a market in (CSX)

  Price   Change %Change
APC
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BP.
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HES
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HGSI
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JPM MLP ETN
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USG1
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NFLX
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POT
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V
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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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