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.)
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
