Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.
HAWK OR DOVE? The two-day Fed meeting concludes with a highly-anticipated FOMC decision.
I have a bad feeling that Bernanke might change his tune, says Guy Adami. Watch out for a lower dollar.
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BLACKBERRY PROFITS: This is RIMM’s last quarterly report before it faces corporate-client competition from the new business-ready iPhone.
I think Research In Motion will do just fine with competition from Apple being overstated, says Jeff Macke.
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MANUFACTURING SLOWDOWN? Monthly data on durable goods orders are published Wednesday at 8:30AM. The last two reports have shown declines with a fall-off in planes and autos dragging down the number.
There’s nothing that makes me think the new data will be particularly good, says Karen Finerman.
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RUMBLE ON THE RAILS: Get ready for some fireworks: CSX has its shareholder meeting at “high noon” Wednesday, just as two of its biggest hedge fund investors have been pressuring the firm to re-jigger the board and increase profits.
As long as coal keeps working I think CSX and all the rails will too, says Pete Najarian.
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BLOOD BATH? Bed, Bath & Beyond is reporting earnings after the bell and if the bankruptcy proceedings of rival Linens ‘N Things is any indication, BBBY may be setting up for a disappointment.
Bed Bath & Beyond is specialty retail and specialty retail is the place where love goes to die, exclaims Jeff Macke.
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ORACLE EARNINGS: Oracle’s report will shed light on the overall strength of business tech spending.
I think Oracle delivers, says Pete Najarian.
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NEW HOMES, SAME OLD STORY? Enthusiasm for Wednesday’s new home sales data was sapped after the Case-Schiller index showed prices have sunk to 2004-levels.
