Your First Move For Monday July 28th


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

Time Seymour recommends shorted dated options on Russian Depository Index (RDX).

Joe Terranova prefers long Schlumberger .

Quint Tatro suggests getting long UltraShort MSCI Emerging Markets ProShares and getting longiShares FTSE/Xinhua China 25 Index against it.

Pete Najarian thinks Cisco is a buy.

But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.

IT'S THE ECONOMY, STUPID: Second quarter GDP comes out on Thursday and the jobs report on Friday.

I think the numbers could be a little better than expected, says Tim Seymour.


EXXON EARNINGS: With earnings released on Thursday, investors will learn if this integrated oil company has done more than just tread water.

I think Exxon stock could begin to turnaround, says Joe Terranova.


CABLE/TELECOM EARNINGS: The week kicks off with Verizon earnings on Monday; then Comcast reports two days later.

I like AT&T , says Pete Najarian, and Verizon has a shot, too.


HOORAY FOR HOLLYWOOD? Viacom, Disney and CBS are all coming down the pike.

Expect to hear more of the same, says Tim Seymour. The consumer is in trouble.


CAFFEINE COMEBACK? Starbucks' earnings come out after hours Wednesday.

I’d stay away from Starbucks, counsels Quint Tatro.

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Trader disclosure: On July 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), (TSO), (ICO); Najarian Owns (XLF) Puts, (YHOO) Calls; Najarian Owns (CSCO) Calls; Seymour Owns (AAPL), (BAC), (F), (MER), (MSFT), (TSO); Seygem Asset Management Owns (FXI), (EEM), (NIHD) ;Seygem Asset Management Owns (RSX) Calls; Terranova Owns (YHOO), (XLF), (BNI), (IYT), (SU), (RIMM), (VLO), (SA), (CME), (GOOG), (INTC),( KOL); Terranova Is Long Gold December Futures; Terranova Is Long Crude Oil September $154 Calls; Terranova Is Short Crude Oil September $130 Calls; Terranova Is Short Crude Oil September $130 Puts

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (DBV), (RWX), (LNET), (EXR), (SKT), (DLR), (IGE), (ARE), (DBC), (ABD), (OFC), (CLB), (BLV), (CNTY), (FL), (HPC), (PSPT), (ESS), (OIIM), (BIG),(ENG),(PFD),(DRH)

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Quint Tatro Is The Principal Of Tatro Capital; Tatro Owns (C), (GS), (JPM), (FSLR); Tatro Capital Owns (CHK), (JNJ), (QQQQ), (SPY), (DUG), (XLF), (GRMN), (ASTI), (JASO), (EEV)

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