Your First Move For Tuesday October 5th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Joe Terranova recommends longAmerican Express. The sell-off was ‘way too much,' he says.
Guy Adami suggests long Radware , “There’s a name for ya’!”
Zach Karabell prefers longAtheros.
Jon Najarian thinks Ford is a buy. “I think it could break through $13 on this run!” (Click here to find out why Ford is a Morgan Stanley best idea)
UNDER THE RADAR: NII HOLDINGS
The traders are keeping a close eye NII after the firm won the rights to develop a chunk of Mexico's spectrum in a government auction in July. Along with Mexico's top broadcaster Televisa, the companies are making plans to build a 3G network through Mexico.
What’s the trade?
NII is only trading at 4.5 times 2011 numbers, says Stephen Weiss of The Billion Dollar Mistake. I think it’s dirt cheap - they've got great growth, a reasonable valuation and they’re at the early part of this cycle. And although they largely do business in Latin America the company is headquartered here in the US.
This is a space that’s exploding, adds Jon Najarian. If you look at Millicom and American Tower you can see the growth in this space.
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Trader disclosure: On Oct. 4, 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), (GS), (INTC), (MSFT), (C), (NUE), (BTU); Adami's Wife Works At Merck ; Karabell Owns (AAPL), (FCX); Jon Najarian Is Selling (Aapl) Puts; Jon Najarian Is Long (Lvs); Jon Najarian Is Short (Lvs) Calls; Jon Najarian Is Long (Mgm); Jon Najarian Is Short (Mgm) Calls; Jon Najarian Is Short (Mos) Calls; Jon Najarian Is Short (Mos) Puts; Jon Najarian Is Long (Wynn); Jon Najarian Is Short (Wynn) Calls; Joe Terranova Is Long (EOG), (APA), (AAPL), (OIH), (VRTS), (XBI), (ARUN), (IBM), (XBI), (C), (ORCL), (PEP), (OXY), (SU), (JOYG), (RIG), (IBM), (HES), (RSH), (UPL); Stephen Weiss Owns (NIHD); Stephen Weiss Owns (SLE
For Zach Karabell:
Karabell's Firm Is Long (WCN)
Karabell's Firm Is Long (MSFT)
Karabell's Firm Is Short (SPY)
Karabell's Firm Is Short (QQQQ)
For Mike Khouw
Cantor Fitzgerald Is A Market Maker In (ADM)
For Vance Edelson
Morgan Stanley Owns 1% Or More Of (EXBD), (URS)
Morgan Stanley Has Advised On A Public Offering Of (RSG), (WM)
Morgan Stanley Has Received Compensation For Inv. Banking services from (RSG), (RHI) (URS), (WM)
Morgan Stanley Makes A Market In Shares Of (RSG), (URS), (WM)