Fast & Furious Trades For The Week Ahead


Following are the “Fast & Furious” trades - hot ways to play next week's market moving events.

APPLE'S iPROFITS: The iPhone maker reports earnings after the bell on Tuesday; EPS is expected to come in at $1.11, a 10% increase year or year.

I’m looking forward to hearing what Apple has to say, says Pete Najarian.


MORE TECH EARNINGS: Heavyweights Yahoo! and Microsoft report earnings.

And there’s speculation that takeover talks between the two companies could heat up again, says Zach Karabell.


BIG PHARMA REPORTS: We'll hear from Pharma giants Pfizer , Amgen, Wyeth , Merck and Bristol Myers .

I like the biotech names, says Joe Terranova. Keep an eye on Amgen.

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REGIONAL CHECK-UP: Regional banks Fifth Third and US Bancorp report earnings. Both companies are expected to report declines year over year (71% for FITB, 31% for USB)

Look at what happens with deposit flow and asset quality writedowns, counsels Karen Finerman. That’s what you need to know.


RAILS REPORT: Rails Norfolk Southern , Union Pacific and Burlington Northern release earnings.

I expect the numbers to be pretty strong, says Pete Najarian.


McPROFITS: We’ll hear from Fast food giant McDonalds but will their outlook be as tempting as their fries?

They could do well as people look to save money by trading down from casual dining into fast food.


FLYING HIGH? Aircraft developer Boeing comes out with earnings before the bell on Wednesday.

Progress in the strike and whether their clients can finance purchases are the two most important things to listen for, says Karen Finerman.


CRASH OF ’87: Sunday marks the 21st Anniversary of the Crash of 1987. On October 19th panic selling sent the Dow into an unprecedented 508-point freefall. After all was said and done, the markets had shed 23% of their total value.

Don't miss CNBC's Special: October '87: Crash & Combackthis Sunday at 9pm.

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Trader disclosure: On Oct. 17, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Karabell Owns (AAPL), (CSCO), (GOOG), (JPM), (MS), (SLB); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOV), (UNH), (DVN), (WLP); Finerman's Firm Owns (DNA_ Call Spreads: Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (USO), (BBT), (COF); Najarian Owns (AAPL) And (AAPL) Call Spread; Najarian Owns (AMD) Puts; Najarian Owns (CHK) And Is Short (CHK) Calls; Najarian Owns (HAL) And Is Short (HAL) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (YHOO) Calls; Najarian Owns (MGM) And Is Short (MGM) Calls ; Najarian Owns (UNG); Terranova Owns (AAPL), (EXM), (FCX), (FTO), (MA), (NOV), (POT), (X), (VLO)

GE Is The Parent Company Of CNBC

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.