Your First Move For Friday May 28th

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

Tim Seymour suggests longMittal .

Guy Adami recommends longFord .

Karen Finerman prefers long Philip Morris.

Joe Terranova thinks the Russia ETF is a buy.

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ICAHN TAKES STAKE IN METOR GRAPHICS

In breaking news, host Melissa Lee reveals that billionaire investor Carl Icahn has disclosed a 7% stake in Mentor Graphics . The stock popped 6% in the after hours on the news.

What’s the takeaway?

Looking at the disclosure it suggests he’s looking to maximize shareholder value, explains Karen Finerman. That’s important language; it sounds somewhat aggressive.

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AFTER HOURS ACTION: JCREW

After hours, J Crew posted a quarterly profit on Thursday that topped Wall Street estimates and raised its full-year outlook.

Looking at the numbers, first-quarter net income rise to $44.7 million, or 68 cents per share, from $20.4 million, or 32 cents, in the year-ago quarter.

What’s the trade?

I’m on board, says Patty Edwards.

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GARTMAN LETTER PREVIEW

In Friday's Gartman Letter, we’ll look at the chatter to rescind that tax in Australia, says author Dennis Gartman, and what it means for Australia’s dollar .

Click here to see other Final Trade posts.

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Trader disclosure: On May 27, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman’s Firm Owns (AAPL); Finerman Owns (BAC) & (BAC) Calls; Finerman’s Firm Owns (BAC); Finerman’s Firm Owns (GOOG); Finerman’s Firm Owns (GS) Calls; Finerman Owns (HPQ); Finerman’s Firm Owns (HPQ); Finerman Owns (JPM); Finerman’s Firm Owns (JPM); Finerman’s Firm Owns (PDE); Finerman’s Firm Owns (RIG) & (RIG) Calls; Finerman Owns (RIG) Calls; Terranova Owns (FTO), (STLD), (YHOO), (OIH), (APA), (AXP), (BTU), (SWN), (GLD); Seymour owns (AAPL), (BAC), (F), (GOOG), (RTP), (UNG), (VALE); Adami Owns (C), (GS), (INTC), (MSFT); Grasso Owns (C), (BAC), (JPM), (NDAQ), (BP), (LPX); Edwards owns (VXX); Levy Owns (GS) ; Levy Short (BP) Calls

For Patty Edwards
Edwards owns (AAPL) For Clients
Edwards owns (VXX) For Clients
Edwards owns (MS) For Clients
Edwards owns (JPM) For Client
Edwards owns (BAC) For Clients
Edwards owns (AMZN) For Clients
Edwards owns (GOOG) For Clients
Edwards owns (MSFT) For Clients
Edwards owns (HPQ) For Clients
Edwards owns (YHOO) For Clients
Edwards owns (INTC) For Clients
Edwards owns (NVDA) For Clients
Edwards owns (CSCO) For Clients
Edwards owns (QQQQ) For Clients
Edwards Owns (BP) For Clients
Edwards Owns (C) For Clients
Edwards Owns (COP) For Clients
Edwards Owns (COST) For Clients
Edwards Owns (CVX) For Clients
Edwards Owns (DO) For Clients
Edwards Owns (F) For Clients
Edwards Owns (JPM) For Clients
Edwards Owns (LCC) For Clients
Edwards Owns (MS) For Clients
Edwards Owns (NE) For Clients
Edwards Owns (PDE) For Clients
Edwards Owns (RIG) For Clients
Edwards Owns (SLB) For Clients
Edwards Owns (TOT) For Clients
Edwards Owns (VXX) For Clients
Edwards Owns (XOM) For Clients
Edwards Owns (YHOO) For Clients
Edwards Owns (SPX) For Clients
Edwards Owns (QQQQ) For Clients
Edwards Owns Gold For Clients
Edwards Owns Platinum For Clients
Edwards Owns Silver For Clients

For Jared Levy
Peak6 investments owns and has an options postion (GS)
Peak6 investments is short and has an options postion (MS)
Peak6 investments is short and has an options postion (DB)
Peak6 investments owns and has an options postion (JPM)
Peak6 investments owns and has an options postion (CS)
Peak6 investments owns and has an options postion (BAC)
Peak6 investments owns and has an options postion (UBS)
Peak6 investments owns and has an options postion (C)
Peak6 investments is short and has an options postion (XLF)
Peak6 investments is short and has an options postion (AMZN)
Peak6 investments owns and has an options postion (AAPL)
Peak6 investments owns and has an options postion (YHOO)
Peak6 investments is short and has an options postion (EBAY)
Peak6 investments is short and has an options postion (GOOG)
Peak6 investments owns and has an options postion (MSFT)
Peak6 investments is short and has an options postion (HPQ)
Peak6 investments is short and has an options postion (DELL)
Peak6 investments owns and has an options postion (ADBE)
Peak6 investments owns and has an options postion (BP)
Peak6 investments is short and has an options postion (RIG)
Peak6 investments is short and has an options postion (HAL)
Peak6 investments is short and has an options postion (CVX)
Peak6 investments is short and has an options postion (XOM)

David Hilal
FBR Capital Markets is a Market Maker of (MSFT)