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Tuesday's Fast & Furious Trades --  Into The Close

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Following are Tuesday's Fast & Furious trades at halftime - hot ways to play market moving events into the close.

SHOP MACY'S:Macy's reports earnings tomorrow, should you get in today?

The stock has doubled in the last month and a half, says Fast Money trader Guy Adami. I’d avoid it.

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GET INTO WHOLE FOODS?Whole Foods is set to report after the bell tomorrow, should you buy before the release?

It traded from $7 up to $20, says Jeff Tomasulo of SMB Capital. I want to see their report before I’d trade it going forward.

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APPLIED MATERIALS: Tech bellwether Applied Materials reports after the close today; what’s the trade?

I’d be a buyer of the May 11 put and a seller of the June 12 call for protection against my long stock, counsels Jared Levy of Peak6 Investments.

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FINANCIAL FOLLIES: Banks stocks are trading lower for the second day in a row. Does the weakness present an opportunity?

No, last week’s catalyst is not this week’s trade, says technical analyst Dan Fitzpatrick of StockMarketMentor.com.

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Trader disclosure: On May 12th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;

Tomasulo Owns (GS)
Tomasulo Owns (MS)

Adami Owns (GS)
Adami Owns (C)
Adami Owns (INTC)