Here’s our Fast Money Final Trade. Our gang gives you Wednesday’s best trades, right now.
Tim Seymour suggests longCaterpillar .
Guy Adami recommends longSchlumberger to $57
Joe Terranova says, “take a look at Amgen .”
Karen Finerman recommends keeping an ear out for news from the annual Ira Sohn Investment Research Conference in Manhattan. “It’s the Woodstock for value investors,” she says.
See other "Fast Money" Final Tradeposts.
But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade Wednesday's market moving events.
TEEN SCENE: American Eagle reports earnings Wednesday; a profit of 7 cents is expected, a decline of 67% year over year.
I don't like valuations right here, muses Karen Finerman.
MORE HOME DATA: We'll get another reading on housing with the release of Existing Home Sales; an increase to 4.65 million units is expected.
I wouldn't pay too much attention, counsels Tim Seymour.
BUY GOLD? Gold fell $5 dollars Tuesday despite a bullish report from the Wall Street Journal saying the commodity could be headed to $1,000. Do you buy here?
I'm long, reveals Joe Terranova.
TIVO EARNINGS: Tivo reports earnings Wednesday; a loss of 5 cents is expected, a 200% decline year over year.
I'd wait and hear what they say at the Barclays conference before making a trading thesis, counsels Guy Adami.
TREASURY AUCTION: After Tuesday's strong 2-Year note auction, the government will auction 5-year notes Wednesday.
I think the glut of Treasuries is the next problem coming, speculates Karen Finerman.
BUY APPLE? On Tuesday's Halftime Report, the monster Jon Najarian told us how he's playing Apple after its upgrade: "$185 is the target -- short term though you hold off -- you get a pullback and then you get in for the longer term for Apple."
I go with Dr. J, says Joe Terranova.
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Trader disclosure: On May 26th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (ABT), (GENZ), (TER), (XBI), (JOYG), (IBM), (BRCM); Terranova Owns July Nat Gas Futures; Terranova Owns July Crude Futures; Terranova Owns June Gold Futures; Terranova Is Short (XOM) Call Spread ; Terranova Owns (DIS) Call Spread; Finerman Owns (RIG), (TBT); Finerman's Firm Owns (TBT), (CSCO), (PBR), (RIG), (CSCO), (NOK); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Is Short (BAC); Finerman's Firm Is Short (WFC); Finerman's Firm Own 30-Year Treasury Puts; Seymour Owns (APPL), (BAC), (BX), (INFY), (F), (FXI), (EEM), (TTM), (CAT)