Wednesday's Fast & Furious Trades


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.


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.


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.



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.


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.


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!


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