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


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.


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.


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.


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)