Fast & Furious Trades For Thursday


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.


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.


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.


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.


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.


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.


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

I'm a seller, says Jeff Macke.


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.


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