Fast & Furious Trades For Friday


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.


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.


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.


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.


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.


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.


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