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Your First Move For Friday October 17th

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

Joe Terranova suggests longExxonMobil .

Guy Adami prefers long Novartis .

Karen Finerman likes a pairs trade; long the Oil Service HLDRS and short the United States Oil Fund .

Pete Najarian thinks Chesapeake 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.






EARNINGS ROLL ON: Giants Honeywell and Schlumberger report earnings .

I’m keeping an eye Schlumberger because that stock has been absolutely beaten, says Pete Najarian.

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PULSE OF HOUSING: Housing starts are released.

Right now they have to work off existing inventory, says Joe Terranova.

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PRESIDENT SPEAKS: President Bush makes remarks on the economy.

Invariably after his speech the market goes down, says Karen Finerman with a sly smile.

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BIRTH OF NBC: On October 17th 1919 GE formed a privately owned company called Radio Corporation of America (RCA). It would later lauch its own TV network, NBC.

See other "Fast Money" Final Tradeposts.


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Trader disclosure: On Oct.16, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (AAPL), Is Short (AAPL) Calls, Owns (AAPL) Puts; Pete Najarian Owns (C) Put Spread; Pete Najarian Owns (GS) Call Spread; Pete Najarian Owns (MS), Is SHort (MS) Calls, Owns (MS) Puts; Pete Najarian Owns (YHOO) Call Spread; Pete Najarian Owns (SLB) And Is Short (SLB) Calls; Pete Najarian Owns (SCHW) And Is Short (SCHW) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (DEO), (MO); Finerman's Firm Owns (DNA) Call Spreads; Finerman's Firm Is Short (USO), (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (AAPL), (EXM), (FCX), (FTO), (MA), (NOV), (POT), (X), (VLO);

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

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CNW), (OFC), (DLM), (DRH), (DLR), (EPR), (EXR), (FL), (SLB), (LNET), (MAC), (DBC), (DBV), (SKT), (UA), (BLV), (VV), (CLB), (GWX), (IGE), (FSMXX); Virtus Investment Partners Owns Seagate Tax Refund Rights; Virtus Investment Partners Owns Seagate Technology Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Incitec Pivot Ltd.; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.

GE Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"