The "Fast Money" traders shared their first moves for the market open.
Pete Najarian was a buyer of Bristol-Myers Squibb.
Steve Grasso was a seller of J.C. Penney after a strong run.
David Seaburg was a buyer of Biogen.
Tim Seymour was a buyer of the iShares MSCI South Korea Capped ETF.
Trader disclosure: On August 1, 2016 , the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Pete Najarian is long AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI.A, KMI, KO, LUX, MRK, PEP, PFE, VIAB Long Calls: AAL, ABT, AKS, ANF, BSX, BZH, CHK, CIT, CNX, COP, DAL, DVN, FB, GILD, HALO, HOG, INTC, KGC, LLY, MCD, MPEL, MRO, MT, NGD, P, PG, SCHW, SLV, SLW, TMUS, VLO, XLE, YELP Puts: CS, EEM, MBLY, NLY. Steve Grasso is long BA, CC, EVGN, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX Grasso's Kids Own EFA, EFG, EWJ, IJR, SPY No Shorts Stuart Frankel & Co Inc. and some of its Partners have a financial interest in MU, AAPL, LDP, WDR, AVP, CVX, FCX, ICE, KDUS, KO, MAT, MCD, MJNA, NE, NEM, OLN, OXY, RIG, STAG, TAXI, TEX, TITXF, URI, VALE, WDR, WYNN, ZNGA, CUBA, HSPO, ICE, AMZN, MJNA, TITXF, NXTD, SPY, QQQ, DIA, XLI. Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. short: SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM. David Seaburg: Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT.