Fast & Furious Trades For Monday

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

CISCO EARNINGS:Cisco reports earnings next week; the company is expected to post a profit of 25 cents, a 36% decline over last year.

I like Cisco and I'm long, reveals Karen Finerman.

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STRESS TEST THURSDAY? The government releases their stress tests results on Thursday; should you buy the financials ahead of results?

I don't expect that Goldman or Morgan will be losers, muses Tim Seymour, but there will probably be volatility.

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BUY BERKSHIRE? Friend of Fast Money Whitney Tilson suggest a long position ahead of Berkshire earnings. He tells us, "in light of what has happened in the markets and the rallies in many of Buffett's stocks, the fact that Berkshire Hathaway hasn't moved commensurately indicates to us that the stock is probably even cheaper than it was."

I'd go into JNJ before Berkshire, counsels Guy Adami.

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SOFT COMMODITIES TRADE: With the warmer weather ahead and swine flu fears continuing to swarm, is now the perfect time to get into soft commodities?

When it comes to soy, corn and wheat I'm seeing strong price performance, says Emily French, Consiliagra Managing Director.

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BUY CHK?Chesapeake Energy reports earnings on Monday; a profit of 48 cents is expected, a decline of 56%.

I think Apache and EOG are better nat gas plays, says Joe Terranova.

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JOBS REPORT: We’ll get a reading on the state of jobs with the unemployment report on Friday. Economists are expecting the unemployment rate to have jumped to 8.9 from the previous reading of 8.5.

It's a lagging indicator, explains Guy Adami. I don't expect the market to move on this.

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NOT HUNGRY:Smithfield Foods fell 14% this week due to continued concerns over swine flu. However, the company’s CEO tells CNBC, “no one in the world has said that there's any risk associated with eating pork.” Should you buy the stock?

I think it's probably overdone to the sell side, says Karen Finerman.


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Trader disclosure: On May 1st, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (PBR), (DRYS); Finerman Owns (MA); Finerman's Firm Owns (AXP), (PBR), (RIG), (UNH), (TBT), (KFN), (ADP), (XPI), (IBB), (CSCO); Finerman's Firm And Finerman Own (TBT); Finerman's Firm Owns (BAC) Preferred; (C) Preferred; Finerman's Firm Owns (MSFT) & (MSFT) Put Spread; Finermans Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Terranova Owns (IBM), (MS), (BP), (XOM), (HES), (X)

Terranova Owns (DIS) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (JOYG) & (JOYG) Calls; Terranova Owns (INTC) & (INTC) Calls; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (WYNN) And Is Short (WYNN) Calls

Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO

Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Virtus Investment Partners Owns More Than 1% Of (ABD),(ARE), (CAL), (DLR), (EPR), (EXR), (IGE), (MEE), (DBC), (DBV), (DBA), (SKT), (UA), (CLB), (WBMD); Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Terranova Owns June Crude Oil And Is Short September Crude Oil