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Wednesday's Fast & Furious Trades

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

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

The stock has already run up, explains Karen Finerman. I'd wait.

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

I'd give this stock some time, bristles Jeff Macke.

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NEXT CRISIS: Venture capitalist Ken Lagone tells CNBC he thinks "the next big shoe to drop is commercial real estate.” Are we playing on borrowed time?

I'm shortBrookfield Properties , reveals Karen Finerman. I do think trouble lies ahead.

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GREY LADY FINDS A SUITOR?

Music and film mogul, David Geffen reportedly tried to buy a 19% stake in the New York Times last month. If Geffen is buying, should you be buying?

I'd take profits, counsels Tim Seymour.

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THE ENERGY TRADE: After a 12% spike in the last month, ConocoPhillips holds its annual investor day Wednesday.

I like this stock as a nat gas play, reveals Pete Najarian.


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STUCK IN A RANGE? Goldman strategist Abby Joseph Cohen tells CNBC she believes the stock market is ready to go up.

In an exclusive interview she told us, "I think the S&P and the Dow both will be moving like a staircase- we've seen a 35% lift from the bottom, and we may be stuck here for a while in a higher trading range as we await more fundamental news....6 to 12 months from now, S&P between 1000 and 1050, even with very modest profit expectations."

She certainly sounds confident that the market is going to 1000, says Pete Najarian. Giddyup!

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RETAIL DETAIL: The government reports its retail sales figures Wednesday, investors are expecting the number to come in flat, an increase over the previous reading of -1.2%.

These numbers don't matter nearly as much as the earnings reports from Wal-Mart, Kohl's and JC Penney later in the week, explains Jeff Macke.



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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; Macke Owns (PCLN),(GS), (WFC), (AGU), (NFLX), (TGT), (WFC), (AMZN), (SDS); Finerman's Firm Owns (BAC) Preferred; Finerman;s FIrm Is Short (BAC), (MSFT), (PBR), (RIG), (UNH); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (PBR), (POT), (TSL); Najarian Owns (AMD) Calls; Najarian Owns (BX) Calls; Najarian Owns (CROX) Calls; Najarian Owns (F) & (F) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) & (PALM) Calls; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls