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Fast & Furious Trades For Friday

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

AEROSPACE HOT:Honeywell reports before the bell following good reports from Boeing and United Technologies this week.

Honeywell has had a nice run, explains Guy Adami. I take off at least half.

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POST-IT PROFITS?3M reports before the bell Friday; a decline of 38% in year over year profit is expected.

It probably has some upside but I'm cautious, says Pete Najarian.

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TAKE A BIGGER BITE?Apple continued to climb higher, up almost 4% Thursday however Jon Najarian wasn't buying the run-up. Earlier on CNBC he told us, “I just can't justify holding it at this level, so we've exited the stock now we've been out from $125 on."

I’ve also taken profits, adds Jeff Macke. I wept like a school girl but I don’t see any catalysts in the near-term.

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STRESSED OUT? The government will release its stress test assumptions Friday; should you sell any banks ahead of these guidelines?

Speculation is that regional banks might be worse off, says Tim Seymour.

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OIL FINALLY A BUY? As oil continues to trade below $50, could the USO be your best play in the space?

I think investors should get some exposure, says Brian Stutland, President Stutland Equities.

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AT YOUR SERVICE?Schlumberger reports Friday on the back of strong run in the services names.

I'd go to National Oilwell Varco, counsels Pete Najarian. I think it's cheap.

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OUT OF GAS? Ford reports earnings before the bell Friday. On average, the first-quarter loss is expected to be $1.23 per share excluding one-time items, according to Reuters Estimates.

I expect Ford to move a little higher, speculates Guy Adami.




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Trader disclosure: On Apr 23rd, 2009, 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); Macke Owns (SDS), (AGN), (WYNN), (GE), (LVS), (IMAX); Seymour Is Short (AAPL); Seymour's Firm Is Short (POT); Seymour Owns (BAC), (EEM), (TCK); Najarian Owns (AMZN) Calls; Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MCD) & (MCD) Calls; Najarian Owns (MS) & (MS) Calls; Najarian Owns (PALM); Najarian Owns (RIO) Calls; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread