Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Tim Seymour says he’s a seller of Alcoa.
Guy Adami recommends long Mylan .
Karen Finerman suggests longTJX .
Joe Terranova does not like UNG .
AFTER HOURS ACTION: PALM
In extended trade, Palm shares fell as much as 10%, after the handheld device maker provided a very disappointing outlook.
Palm executives told analysts on a conference call that fourth-quarter revenue will be less than $150 million, or about half the revenue posted for the fiscal third quarter ended Feb. 26. Analysts had been expecting revenue of about $306 million, according to Thomson Reuters
What’s the trade?
I think there’s a good chance that the stock goes even lower, speculates Guy Adami. I suspect the play is to short Palm and ride it down to $1.
Even if you’re bullish I would not consider buying until you see a huge volume spike in this name, counsels Joe Terranova.
EAR TO WALL: SMITHFIELD
Jon Najarian has spotted unusual options activity in Smithfield Food.
The unusual number of April options traded suggests big investors are looking for a sharp increase in share price, says Jon Najarian; potentially it’s a takeover target.
With Tiffany shares up nearly 10% over the last month, investors are starting to wonder if high-end consumer are really strong enough to justify the valuations.
How should you game Tiffany stock ahead of earnings Monday March 22nd?
I like this stock into earnings, says Guy Adami. North of $50 however, I’d pull the rip cord.
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Trader disclosure: On March 18th, 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 (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Stutland Equities Is A Market Maker in (VIX); Stutland Equities Is A Market Maker in (SPX) Futures; Stutland Owns (GS) Call Spread; Stutland Owns (GE); Kelly Is Short (EURUSD); Kelly Is Short (GBPUSD); Kelly Is Short (EZU); Finerman's Firm Is Short (SPY), (IWM), (MDY), (IJR), (SPY), (USO); Finerman's Firm Owns (IYR) Puts; Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (GOOG); Finerman's Firm And Finerman Own (JPM); Finerman's Firm And Finerman Own (WFC) Preferre ; Grasso Owns (TSO); Grasso Owns (AAPL)
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