Your First Move For Thursday August 2nd
Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Guy Adami, managing director of stockMONSTER.com, is a buyer of Knight Capital. Although he's aware of the recent trading debacle, he sees the decline as an opportunity.
Joe Terranova, chief market strategist for Virtus, recommends a long position in Goldman Sachs as 'a stock that’s been working well lately.'
Stephen Weiss, managing partner at Short Hills Capital, says avoidLinkedIn ahead of August 2nd earnings. “If they miss I think it will go down sharply.”
Jon Najarian, co-founder OptionMonster.com, think GLD is a buy. “I saw more out of the money call buying on Wednesday than I’ve seen in past several months.”
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Trader disclosure: On August 1, 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 JPM; Steve Weiss is long WLP; Steve Weiss is long DGX; Steve Weiss is short JCP; Steve Weiss is short X; Joe Terranova is long SEPT. MINI S&P FUTURES; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long USB; Joe Terranova is long GS; Joe Terranova is long WFM; Joe Terranova is long JPM; Joe Terranova is long YHOO; Joe Terranova is long SBUX; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI; 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
For Dennis Gartman
Dennis Gartman is long GOLD in YEN TERMS
Dennis Gartman is long Natural Gas
For Jeff Kilburg
Nothing to Disclose