Following are the “Fast & Furious” trades - how should you game the key questions into the close?
CRUDE CONUNDRUM: With oil heading higher Monday should you buy?
Yes, I think you do, counsels Fast Money trader Joe Terranova. Don’t get in the way of the headlines.
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CONVICTION BUY: Shares of Bank of America soared higher after Goldman Sachs placed it on the conviction buy list. Should you get in?
I’d be a moderate buyer, counsels Jared Levy of Peak6 Investments. I’d use an out of the money put spread – preferably $1 out of the money in June.
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HOME DEPOT VS LOWE’S:Home Depot reports earnings Tuesday; should you buy on the back of Lowe's strength today?
That's yesterday's trade. Instead I’d be a seller if the stock pops on an earnings beat, counsels Dan Fitzpatrick of StockMarketMentor.com.
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TECH TITAN COULD MOVE MARKET:Hewlett Packard reports earnings Tuesday; should you get in today?
No, I don’t think so, counsels Mike Khow of Cantor Fitzgerald. I’m seeing a lot of bearish activity in this stock.
> For more on Hewlett-Packard ahead of earnings click here
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Trader disclosure: On May 18th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (INFY), (PBR), (TTM); Macke Owns (AAPL), (WFC), (AGU), (GE), (SKF), (SDS); Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (BAC) Preferred; (WFC) Preferred; Finerman's Firm Is Short (BAC), (WFC); Najarian Owns (AMD) Calls; Najarian Owns (APC) CAll Spread; Najarian Owns (BBY) Put Spread; Najarian Owns (BP) Call Spread; Najarian Owns (BX) Calls; Najarian Owns (FAS) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (HPQ) Put Spread; Najarian Owns (MOS) Call Spread; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls
