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Fast & Furious Trades: Housing, Credit Cards...

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Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.

HOUSING BOTTOM? Will the homebuilders continue the rally Thursday? Lennar posts earnings before the bell and existing home sales data is released at 10AM.

Stay away from Lennar , counsels Guy Adami.

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CREDIT CARD PROFITS Discover Financial releases earnings before the bell. They come on the heels of the American Express CEO saying customers are getting further behind in their payments.

In the space Mastercard could be worth a look, says Karen Finerman.

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CHIP EARNINGS Ahead of earnings, Cowen analyst Danile Berenbaum says the market is currently oversupplied and that leads to lower sale prices and weaker profit margins.

I’m keeping my eye on Micron, says Pete Najarian.

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JOB MARKET: Jobless claims (the number of new applicants for unemployment) will be released at 8:30am.

Watch out, says Guy Adami.

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HURRICANE WATCH: Energy Business Watch is hosting a conference in New York Thursday, forecasting their expectations for hurricanes and severe weather for the rest if the summer.

Expect to hear about global “cooloing”, says Joe Terranova.

















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Trader disclosure: On June 25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL), (ANR), (CHK), (NOK), (NVDA), (ORCL), (TSO), (XLF), (XTO), Najarian Owns (YHOO) Calls, (MYGN) Calls, (RIMM) Calls, (SLB) Calls, (UBS) Calls; Finerman Owns (GS); Finerman's Firm Owns (AXP), (MSFT), (PZN), (SUN), (TSO), (VLO), (KALU), (CYBX); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Karen Finerman's Partner In Her Hedge Fund Is On The Board Of Cyberonics; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (BNI), (CME), (FXC), (LUV), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO), (FCX)

Terranova is chief alternatives strategist at Phoenix Investment Partners; Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)