Fast & Furious Trades: June Car Sales...


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

THIRD QUARTER BEGINS: As a dismal first half goes into the books, we remind all of you investors out there: Tuesday is the first day of the rest of your life (and the third quarter).

I’m hoping the headline at some point in the quarter reads oil finally cracks, says Pete Najarian.


EMPTY AUTO LOTS: June vehicle sales will be released Tuesday on the heels of Chrysler shuttering its St. Louis minivan plant.

I don’t think June will be better but I also think General Motors is setting up for a long trade soon, says Guy Adami.


FACTORY FORECAST: The Institute for Supply Management (ISM) manufacturing data comes out at 10AM Tuesday.

Manufacturing is 12% of the economy, says Joe Terranova. Let’s hope we see a number north of 50.


WORK ON HIS TAN: Former Countrywide CEO Angleo Mozilo retires as Bank of America's deal to buy the mortgage lender is expected to close Tuesday.

They went public in 1969, says Karen Finerman, at $5 a share. It’s going out lower.


FINE WINE? Was Constellation Brands, the world's largest winemaker, able to mitigate higher commodity costs and a consumer slowdown this quarter. Tuesday’s pre-market earnings hold the answer.

Conventional thinking suggests a consumer slowdown should affect Constellation , says Joe Terranova. But let’s hope it doesn’t.


HEAD OF THE CLASS? A tighter student loan market may have affected Apollo Group's earnings, coming out after the bell.

I like Apollo better than DeVry , says Guy Adami.


SCHNITZER STEEL: The steel story keeps working, but can Tuesday’s earnings live up to the 70% gain so far this year?

If you’re in Schnitzer I think you should take some off the table, counsels Pete Najarian.

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Trader disclosure: On June 30, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Najarian Owns (AAPL), (AMLN), (ANR), (NOK), (NUE), (TSO), (XLF), (YHOO), (HD); Najarian Owns (MER) Puts, (WFMI) Puts, (HBC) Puts; Najarian Owns (MYGN) Calls, (SLB) Calls, (WM) Calls, (WLT) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (GLNG); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (GE) And (GE) Puts; Finerman's Firm Owns (MSFT), (SUN), (TSO), (TWX), (VLO); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (HUN) Calls; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (BNI), (YHOO), (LUV), (CME), (GOOG), (SU), (INTC), (FXC), (IYT), (XLF), (FCX); Terranova Owns Dollar Index Futures

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)