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What to trade ahead of the inauguration: 7 plays

With the U.S. Capitol in the background, 'Trump' flags fly on top of a merchandise stand on North Capitol Street
Drew Angerer | Getty Images
With the U.S. Capitol in the background, 'Trump' flags fly on top of a merchandise stand on North Capitol Street

The "Fast Money" traders discussed stock market moves to make ahead of President-elect Donald Trump's inauguration on Friday.

Trader Guy Adami said the collective thought for inaugurations is to buy into the swearing-in ceremony and sell the inauguration.

After Trump was elected, the stock market surged but the three major indexes closed lower on Thursday. The Dow closed 70 points lower, falling as much as 100 points earlier in the session.

Adami also says the market could make back its losses and hit the psychologically significant Dow 20,000 benchmark once he is sworn in.

Trader David Seaburg said if the sell-off continues, he's looking for opportunities in the financials and he said he sold United Airlines and took profits on Thursday.

Trader Karen Finerman said she likes United Rentals, because of Trump promise to invest in infrastructure.

Trader Steve Grasso said he likes Monsanto, Time Warner and NXP Semiconductors because he expects their mergers to go through in the new administration.

Adami said he likes Tesla, citing a positive 2016. Adami said shares will reach an all-time high in 2017.


Disclosures:

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.

KAREN FINERMAN-

Karen Finerman is long AAL, BAC, BAC short calls, C, DAL, FB, FL, GLMP,, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, M, MA, SEDG, SPY puts, TACO, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI, her firm is short IWM, MDY. Finerman is on the board of GrafTech International.

STEVE GRASSO

Steve Grasso's firm is long: AGN, BIIB, CHK, COG, CUBA, DIA, FCX, GLD, ICE, KDUS, MFIN, MJNA, MSFT, NE, REGN, RIG, SPY, TITXF, VIRT,WDR, WLL, ZNGA. Grasso is long: CHK, EEM, EVGN, GDX, KBH, MJNA, MON, MU, OLN, PFE, PHM, SPY, T, TWTR. Grasso's children own: EFA, EFG, EWJ, IJR, SPY. NO SHORTS

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. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore"