Fast & Furious Trades For Tuesday


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

PAULSON & BERNANKE TESTIFY: Hank Paulson & Ben Bernanke will testify at a House Financial Services Committee Hearing on the implementation of the financial rescue plan.

They’d better wear riot gear. I think they’re in for some tough questioning, says Tim Seymour.


HOME IMPROVEMENT HORROR: We'll hear from home improvement giant Home Depot , the company is expected to post -35% EPS growth.

I think it will be all right, says Guy Adami.


INFLATION CHECK: Well get a reading on inflation with the release of October's Producer Price Index

Inflation will probably be lower, says Karen Finerman.


BIG THREE ON CAPITOL HILL: The heads of GM, Ford and Chrysler will head to Capitol Hill for the first of two hearings. Tuesday they will meet with the Senate Banking Cmte to make their case for government money.

News out of the Senate on Monday makes the hearing all the more interesting, muses Pete Najarian.


SAKS REPORTS: High end retailer Saks reports earnings before the bell. The company is expected to post negative 116% EPS growth.

They’re probably doing about as well as the Big 3, says Karen Finerman.

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Trader disclosure: On Nov.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; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (ETFC); Pete Najarian Owns (MOS) And Is Short (MOS) Calls; Pete Najarian Owns (SCHW) And Is Short (SCHW) Calls; Pete Najarian Owns (CVX) Put Spread; Pete Najarian Owns (ADM) Call Spread; Finerman's Firm Owns (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Owns (ROH) Calls; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (RTH), (USO), (BBT), (COF), (VNO); Seymour Owns (AAPL), (BAC), (ETFC), (F), (INTC), (MER); Seymour Is Short (TM)

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