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Your First Move For Tuesday July 31st

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Steve Grasso suggests long the XLU. “It works in a down market and in an up market!”

Jon Najarian recommends watching MGM closely. “I’ve spotted an unusual amount of put activity,” he says. That could be a bearish bet.

Trader Stephanie Link prefers long Vale if you're looking for commodities to advance due to expectations of Fed stimulus.

Trader Guy Adami thinks Philips 66 is a buy. He likes the price action into earnings and thinks the momentum continues. (Houston-based Phillips 66 will release its quarterly earnings results for the second quarter — its first as an independently traded company — on Aug. 1.)

Click here to see other Final Trade posts.

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Trader disclosure: On July 30, 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 WFC; Stephanie Link is long MCD; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long CSCO CALL SPREADS; Jon Najarian is long WMT CALL SPREADS; Jon Najarian is long V CALL SPREADS; Jon Najarian is long F CALL SPREADS; Jon Najarian is long NXY CALL SPREADS; Jon Najarian is long SHAW CALL SPREADS; Jon Najarian is long BBY CALL SPREADS; Jon Najarian is long HLF CALL SPREADS; Jon Najarian is long GLUU; Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME

For Dan Fuss
Nothing to Disclose

For Gemma Godfrey
Nothing to Disclose

For Toni Sacconaghi
Bernstein currently makes a market in the following companies AAPL / Apple Inc.

For Mike Harris
Mike Harris is long GOLD COMEX FUTURES

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