Your First Move For Friday December 30th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Josh Brown likes ConocoPhillips . “I think it has major catalysts,” he says.
Mike Khouw is a buyer of CVR Energy .
Dan Dicker recommends long Apple due to end of year window dressing.
Stephen Weiss suggests longCoke . “I want to be involved with the market but I don’t want too much beta,” he says.
Ron Insana suggests backing away from 10-year Treasurys, “maybe short them on Friday but then cover by Tuesday,” he says.
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Trader disclosure: On Dec 29, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long (AAPL); Jon Najarian is long (AKS); Jon Najarian is long (RIMM); Jon Najarian is long (ANR); Jon Najarian is long (CNX); Jon Najarian is long (JRCC); Jon Najarian is long (ACI); Jon Najarian is long (PCX); Jon Najarian is long (MOS); Jon Najarian is long (ADBE; Jon Najarian is long (WFT); Jon Najarian is long (PNC); Steve Weiss is long (EUO); Steve Weiss is long (FO); Steve Weiss is long (VZ); Steve Weiss is long (WLP); Steve Weiss is short (FXA; Dan Dicker is long oil futures; Dan Dickeris long (IBM) Stock; Josh Brown is Long (VAL); Josh Brown is Long (HD); Mike Khouw is Long (PHM); Mike Khouw is Short (PHM) Calls
Long: We own an “Asian” short term government bond fund, corn, the C$, the A$, and gold.
Short: We are short S&P 500, FTSE 100, and Euro Stoxx 50 futures to hedge the positions mentioned above. We are also short the Euro, Pound Sterling, and Yen.
The CIBC Gartman Global Allocation Notes portfolio for December is as follows:
Long: 10% Canadian Dollars; 10% Australian Dollars; 20% Gold; 10% Corn
Short: 20% Euro; 10% British Pound Sterling; 5% Japanese Yen; 5% S&P 500 Index; 5% Dow Jones EURO STOXX 50 Index; 5% FTSE 100 Index.
For Jim Strugger
Firm makes market in VIX options
Firm makes market in (AMZN)