Following are the big catalysts that the Fast Money traders expect will move the market -- or sectors of the market -- on Friday February 26th.
The News: Considering the euro tumbled to a one-year low against the yen and almost a 9-month low against the dollar on Thursday, what will Friday bring?
The Trade: I expect to see short covering, says Tim Seymour.
The News:AIG reports Q4 numbers and according to TheStreet.com three analysts expect the firm to post a quarterly loss of $3.94 per share, on average.
The Trade: With 26% short interest, I'd only approach this name with options.
EXISTING HOME SALES
The News: After data released earlier in the week showed new homes sales fell to their lowest level in almost 50 years, all eyes will be on existing home sales data due out Friday morning to see if the trend continues.
The Trade: And speaking of trends, I'm also watching University of Michigan Consumer Confidence data to see if that bearish Consumer Confidence report from earlier in the week was accurate or not. That should move consumer stocks , says Karen Finerman.
The News: In the wake of President Obama's push for nuclear energy, top industry CEOs will make a presentation in New York City.
The Trade:Flour Corp is my nuke play, says Guy Adami.
CONSULTING THE ORACLE
The News: Friday is the final day to trade Berkshire before Warren Buffett releases his annual letter to shareholders. His letter is widely read by those seeking wisdom about investing.
The Trade: I wouldn't rush into Berk-B, says Karen Finerman. It's a long term story.
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Trader disclosure: On February 25, 2010, 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 (GS), (AGU), (C), (INTC), (MSFT), (NUE), (BTU); Kaminsky Owns (EPV); Cortes Is Long Canadian Dollar And Short Treasuries Through Put Options Spread; Najarian Owns (BRCD) Calls; Najarian Owns (KO) Call Spread; Najarian Owns (MYL), (MYL) Puts; Najarian Owns (NTAP) Calls; Levy Is Short (AAPL) Call Spread; Jon Najarian Owns (AAPL), Is Short (AAPL) Calls; Jon Najarian Owns (BAC), Is Short (BAC) Calls; Jon Najarian Owns (C), Is Short (C) Calls; Jon Najarian Owns (GS), Is Short (GS) Calls; Jon Najarian Owns (JPM), Is Short (JPM) Calls; Jon Najarian Owns (PALM), Is Short (PALM) Calls; Jon Najarian Owns (RIMM), Is Short (RIMM) Calls; Jon Najarian Owns (TJX), Is Short (TJX) Calls; Jon Najarian Owns (WFC), Is Short (WFC) Calls; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Is Long (AMSC) Through Options; Jon Najarian Is Long (SII) Through Options; Jon Najarian Is Long (MIL) Through Options; Jon Najarian Is Long (CROX) Through Options; Jon Najarian Is Long (CMC) Through Options; Jon Najarian Is Short (DLTR) Through Options; Jon Najarian Is Short (NFLX) Through Options
For Dennis Gartman
Funds Managed By Gartman Are Long Gold
Funds Managed By Gartman Are Short Euros, British Pound Sterling, Yen
Funds Managed By Gartman Own (GLD)
For Brad Hintz
Hintz Owns Morgan Stanley And Discover
Hintz Owns (CME)
Accounts Over Which Bernstein And/Or Affiliates Exercise Investment Discretion Own More Than 1% Of Barclays PLC, Credit Suisse Group, (C), (GS), (JPM), (MS), (BAC)
Barclays PLC, (C), Credit Suisse Group, (GS), (JPM), (MS), (BAC) UBS AG Are Or In Past 12 Months Were Clients Of Bernstein (Non-Investment Banking-Securities Related Services), Bernstein Received Compensation
An Affiliate Of Bernstein Received Compensation From Barclays PLC, (C), Credit Suisse Group, (JPM), (GS), (MS), UBS AG (Non-Investment Banking-Securities-Related Services)
Bernstein Or Affiliate Received Investment Banking Compensation From (C) In Past 12 Months
Bernstein Or Affiliate Expects To Receive/Seek Investment Banking Compensation From Barclays PLC, (C), Credit Suisse Group, (GS), (JPM), (MS), (BAC) UBS AG In Next 3 Months
For Whitney Tilson
Funds Managed By Whitney Tilson Own (BRK.A), (BRK.B)
Funds Managed By Whitney Tilson Own (IRDM)
Tilson Owns (BRK.A), (BRK.B)
Tilson Owns (IRDM)
GE Is The Parent Company Of CNBC
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