Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.
TOP IN OIL? After a huge plunge in oil, will Wednesday’s inventory data be another reason to sell?
I expect to see more crude selling for the rest of the week, says Joe Terranova.
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COME FLY WITH ME? High fuel costs and millions in charges related to job cuts may send Delta Airlines profits into a nose dive. We’ll find out before the bell.
The Street is looking for a profit of 10 cents, explains Guy Adami. We’ll see how Delta does.
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TACO AND PIZZA PROFITS: Yum! Brands - owner of Taco Bell, Pizza Hut and KFC - releases earnings after the bell. Can the currency benefit from its overseas operations outweigh surging soft commodity costs?
Yum Brands is a solid company in a tough environment, says Jeff Macke.
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WELLS FARGO: The San Francisco-based bank comes out with earnings before the bell.
I would not be a buyer of Wells Fargo , says Tim Seymour.
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EBAY EARNINGS: The largest online auction site unveils earnings after the bell.
I expect disappointment in eBay , says Jeff Macke.
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BERNANKE, DAY TWO: The Fed chief will testify again before Congress tomorrow, this time in the House. Also, Fed minutes will be released at 2pm.
I expect to hear the same story, says Tim Seymour. In other words, they’re getting easier on inflation.
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DOW 11,000 DE JA VU: July 16th, 1999 was the first time the Dow closed above 11,000. Today, we closed below 11,000 once again.
Though you'd find that interesting.
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Trader disclosure: On July 15, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (USO), (GS), (INTC), (MSFT), (WMT), (ATVID); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (F), (INTC), (MER), (MSFT), (TSO); Seygem Asset Management Owns (EEM), (VIP); Terranova Owns (YHOO), (INTC), (RIMM),(SU), (VLO), (IYT), (XLF), (LUV), (BNI), (CME), (GOOG), (FCX); Terranova Is Short 30 Year U.S. Bond Futures (Sept.); Terranova Owns Dollar Index Futures (Sept.); Terranova Owns (SA)
Terranova is chief alternatives strategist at Phoenix Investment Partners;Phoenix Investment Partners Owns (IGE), (DBC), (DBV), (RWX), (AMZN), (AAPL), (ABT), (AMD), (ATI), (AW), (BA), (BAC), (BNI), (BSC), (BUD), (C), (CHK), (COH), (COP), (CSX), (CSCO), (CME), (CVX), (DAL), (DNA), (DVN), (FCX), (FNM), (FRE), (GOOG), (GS), (HAL), (HOT), (HES), (IBM), (INTC),(ICE), (JNJ), (JNPR), (JPM), (LEH), (LUV), (M), (MEE), (MON), (MOS), (MS), (MSFT), (NCC), (NUE), (NYX), (NDAQ), (OC), (PBR), (POT), (RBN), (RSG), (RIMM), (SU), (SUN), (SWKS), (TIE), (TSO), (USB), (VLO), (WB), (X), (XOM), (YHOO)