The "Fast Money" traders shared their first moves for the market open.
Peter Najarian was a buyer of Colgate-Palmolive.
Karen Finerman was a buyer of Citigroup.
David Seaburg was a buyer of Urban Outfitters.
Guy Adami was a buyer of Xilinx.
Trader disclosure: On May 16, 2017, 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 CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck. Karen Finerman is long AAL, BAC, BAC short calls, C, DAL, EEM, EPI, EWW, DVYE, FB, FL, GLMP, GLNG, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, MA, SEDG, SPY puts, TACO, WFM. Her firm is long ANTM, BAC calls, C, C calls, FB, GOOG, GOOGL, GLNG, GMLP, JPM, JPM calls, KORS, LYV, PLCE, SPY puts, SPY put spreads, WIFI, UAL, her firm is short IWM, MDY. Pete Najarian owns calls BAC, BUD, BZH, C, CHK, CRM, DAL, FEYE, HMY, INTC, KMI, MDLZ, NBL, NBR, ORCL, RF, SNAP, TECK, UNP, VALE, WFM, WLL, XLE. Pete Najarian is long stock AAP, AAPL, BAC, CL, DIS, DLTR, EBAY, EMR, GILD, GIS, GM, HUM, IBM, JWN, K, KMX, KO, KORS, LUX, MRK, MSFT, PFE, RL, STX, TPX, UNP, WDC, WFT. 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.