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Your First Move For Tuesday July 31st

Monday, 30 Jul 2012 | 5:27 PM ET

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.)

Halftime Final Trade
The FMHR traders share their final trades of the hour.

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

  Price   Change %Change
VALE'A
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Contact Fast Money

  • Showtimes

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.