Your First Move For Wednesday March 7th
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour suggests long Philip Morris. “I’m a buyer around $82,” he says.
Ron Insana says it’s time to watch and wait. “Watch what the market technicals and wait for the employment report on Friday.”
Karen Finerman is a seller of April 50 calls in Verifone . “The stock had a nice run, though I do like the company,” she says.
Jon Najarian is a seller of Viropharma due to unusual options activity. “I’m seeing a lot of April 25 put buying. After the run this stock had, institutional investors probably think gains are over.”
Mike Khouw is a seller of puts in Consol Energy. "I think it's close to its lows."
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Trader disclosure: On March 6, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: J. Najarian is long IBM call spreads; J. Najarian is long QCOM call spreads; J. Najarian is long GDX call spreads; J. Najarian is long GDXJ call spreads; J. Najarian is long CRM call spreads; J. Najarian is long FIO call spreads; J. Najarian is long KERX call spreads; Finerman is long (AAPL); Finerman is long (BAC); Finerman is long (JPM); Finerman is long (HPQ); Finerman is short (SPY); Finerman is short (IWM); Finerman is short (MDY);
For Ron Insana
For Abigal Doolittle
Doolittle is long (SDS)
For Mark Mahaney
Firm makes market in (AMZN)
For Geoffrey Scott
Firm owns foreclosed homes in Phoenix