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Fast Money

Your First Move For Friday August 17th

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Tim Seymour, founder of EmergingMoney.com, recommends long Brazil based Embraer, in part as a play on Brazil’s growing defense budget.

Stephen Weiss, managing partner at Short Hills Capital, suggests long Qualcomm, as a derivative play on Apple and also for fundamentals. "They’re picking up market share,” he says.

Karen Finerman, president of Metropolitan Capital, is a seller of Children’s Place. “I like it but valuations are getting a little too rich,” she says.

Joe Terranova, chief market strategist for Virtus, thinks Checkpoint Systems is a buy. “I truly believe this is a target for M&A,” he says.

Click here to see other Final Trade posts.

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Trader disclosure: On August 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Weiss is long VZ; Steve Weiss is long T; Steve Weiss is long VOD; Steve Weiss is long TCK; Steve Weiss is long HK; Steve Weiss is long QCOM; Steve Weiss is long MSFT; Steve Weiss is long AAPL; Steve Weiss is long WLT; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Tim Seymour is long INTC; Tim Seymour is long CSCO; Tim Seymour is long SBUX; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long SBUX; Joe Terranova is long AAPL; Joe Terranova is long WFM; Joe Terranova is long CSTR; Joe Terranova is long CHKP; Joe Terranova is long EMC; Joe Terranova is long NXPI