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Fast & Furious Trades For Thursday

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

DEODORANT & DETERGENT:Procter & Gamble reports Thursday; a profit of 80 cents is expected, a 2% decrease year over year.

I don't expect this stock to do much, bristles Jeff Macke.

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BET ON EXXON?Exxon reports before the bell Thursday; a profit of 94 cents is expected, a 54 decline year over year.

I think Exxon will say positive things, speculates Pete Najarian.

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BUY BIG BOARD?NYSE Euronext reports earnings tomorrow, a profit of 39 cents is expected. Should you buy ahead of earnings?

Sandler O’Neill analyst Richard Repetto is bullish. He has a 'buy' rating on this stock.

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CHEMICAL REACTION?Dow Chemical reports Thursday; despite an expected loss of 21 cents, the stock was up ahead of results.

I would cut my position into earnigns, counsels Guy Adami.

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CHRYSLER DECISION DAY: Published reports say Italian automaker Fiat will sign paperwork by Thursday to become a partner with Chrysler LLC.

The partnership is the last piece of a huge restructuring plan needed to keep Chrysler alive. The U.S. government has lent Chrysler $4 billion and gave it until Thursday to get concessions from unions, reduce debt and take on a partner or face liquidation.

I'd be careful of the whole space, counsels Tim Seymour.

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BUY NORTHERN TRUST? On CNBC’s Power Lunch the CEO of Northern Trust revealed that the bank is well capitalized and ready to pay the TARP back. Is it a reason to get long?

I think this is one of the stronger banks, says Pete Najarian. But don't chase it. I'd buy on the dip.

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VIACOM EARNINGS:Viacom surged head of its earnings Thursday; should you buy too?

I'm a seller, says Jeff Macke.


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BUY OIL ON STRENGTH?Crude futures firmed above $50 a barrel on Wednesday as traders shrugged off a larger-than-expected build in crude stocks -- and instead bet on a bigger-than-forecast drawdown in gasoline supplies.

In this space I like the offshore drillers, says Tim Seymour.

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OBAMA'S NEXT BIG MOVE? Obama marks 100 days in office Wednesday; what can we expect his next big move to be going forward?

I think a major healthcare bill coming, says Strategas policy analyst Daniel Clifton.



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Trader disclosure: On Apr. 29th, 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); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (PBR), (F); Seymour Is Short (X); Macke Owns (LVS), (WYNN), (GE), (SDS), (AAPL), (WMT); Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (PALM) & (PALM) Calls; Najarian Owns (RHT) Calls; Najarian Owns (VAR) Call Spread; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (BYD) Calls