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Your Next Trade: Pandora, Costco, Gold Miners

Thursday, 24 May 2012 | 2:56 PM ET

Looking for the next big trade?

The Fast Money pros have the following stocks on their radar.

Are they on yours?

Pandora

The catalyst:Pandora reported better-than-expected results and raised its full-year guidance as more people tuned in.

The trade: It was a better than expected loss, explains trader Guy Adami, but it’s still a loss. Ever since the stock went public, every rally has been an opportunity to sell. I’d sell it on the close, today.

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Costco

The catalyst: Costco posted higher quarterly profit, buoyed in part by an 8 percent increase in net sales.

The trade: And they said new membership growth grew 9.9%, says trader Stephanie Link. I like that data point. I like the stock.

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Gold Miners ETF

The catalyst: Although the catalyst was unclear, the trends in both the spot price of gold as well as related plays have been lower.

The trade: With major nations around the world devaluing their currencies, I’m long and expect to see this ETF trade higher, says Steve Grasso.

Posted by CNBC's Lee Brodie

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Trader disclosure: On May 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long IBM; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA

For Dan Dicker
Dan Dicker is long RDC

For Kimball Brooker
First Eagle Funds is long GOLD BULLION
First Eagle Funds is long CSCO
First Eagle Funds is long MSFT
First Eagle Funds is long CMST
First Eagle Funds is long BK

For JC O’Hara
Nothing to disclose

For Rob Cihra
Evercore or an affiliate beneficially owns 1% or more of common equity securities of this subject company: DELL
Evercore or an affiliate beneficially owns 1% or more of common equity securities of this subject company: HPQ



CNBC.com with wires.

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COST
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GD
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P
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