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Your First Move For Friday, Jan. 21

Following are the "Fast Money" traders calls on where the market could go and how they're trading it:

Simon Baker, a "Fast Money" contributor, likes SanDisk . Being as Seagate Technology recently missed on earnings, Baker thinks SNDK is a buy. The idea being that Seagate's pain is SanDisk's gain.

Brian Kelly, founder of Kanundrum Capital, likes the rare earth trade. He suggests Molycorp .

After seeing CEO Clay Jones appear on Thursday's program, Drakon Capital's Guy Adami is buying Rockwell Collins .

Karen Finerman, president of Metropolitan Capital Advisors, wants to take a bite out of Apple . In other words, buy!

Joe Terranova, chief market strategist at Virtus Investment Partners, would go long Morgan Stanley .

Click here to see other Final Trade posts.

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Trader disclosure: On Jan. 20, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova Owns (GLD) Puts; Terranova Owns (UPL); Terranova Owns (VRTS); Terranova Owns (PVH); Terranova Owns (GM); Terranova Owns (CVI); Terranova Owns (CNQ); Terranova Owns (LTD); Terranova Owns (C); Terranova Owns (PEP); Terranova Owns (CPX); Terranova Owns (ARUN); Terranova Owns (MS); Terranova Owns (RSH); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman owns (C); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (MCD); Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (TGT): Finerman's firm owns (WMT)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
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 (NCRI)
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 (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
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 (CLB)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Are Long The Euro
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (DBA)
Accounts Managed By Kanundrum Capital Are Short The Yen

For Simon Baker
Baker Ave Owns (FFIV)
Baker Ave Owns (GDXJ)
Baker Ave Owns (GLD)
Baker Ave Owns (MOS)
Baker Ave Owns (T)
Baker Ave Owns (UNH)
Baker Ave Is Long the S&P

For Barry Ritholtz
Ritholtz has no disclosures

For Dennis Gartman
Funds Managed by Dennis Gartman are short Yen
Funds Managed by Dennis Gartman are short Sterling
Funds Managed by Dennis Gartman are long gold
Funds Managed by Dennis Gartman are long silver
Funds Managed by Dennis Gartman are long Natural Gas
Funds Managed by Dennis Gartman are long the Swiss Franc
Funds managed by Dennis Gartman are short the Euro

For Scott Davis
As of 12/31/10, Morgan Stanley owned 1% or more of (HON) common equity
Within the last 12 months, Morgan Stanley has received compensation for IB services from (GE), (HON), (TYC)
In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from (GE), (HON), (TYC)
Within the last 12 months, Morgan Stanley has received compensation for non-investment banking services from (GE), (HON), (TYC)
Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to (GE), (HON), (TYC)
Morgan Stanley & Co. is a market maker in (GE), (HON), (TYC)

For Brian Stutland
Stutland has no disclosures.

For Dan Niles
Alpha One Capital Partners has a position in (IBM)

For Aaron Rakers
Stifel Nicolaus is a market maker in (HPQ)
Stifel Nicolaus or an affiliate provides or in past 12 months has provided investment banking services to (HPQ)
(HPQ) is or in the past 12 months was a client of Stifel Nicolaus or an affiliate

GE is the parent company of CNBC

CNBC.com with wires

Symbol
Price
 
Change
%Change
COL
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MC
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MS
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SNDK
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STX
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AAPL
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