Following are the “Fast & Furious” trades - hot ways to play this market into the close.
HOMEBUILDERS? The homebuilders moved higher on better than expected housing data; should you buy?
I would not be a buyer on this dip, counsels OptionMonster Jon Najarian.
BUY RIMM?Research In Motion reports earnings on Thursday; should you buy ahead of the results?
I’d be a buyer ahead of the results, counsels Dan Fitzpatrick of StockMarketMentor.com and probably a seller on the news.
BUY MICROSOFT?Microsoft traded higher for the 6th day in a row after it received another price target upgrade, should you buy?
I’m not a big fan, reveals Zach Karabell of RiverTwice.
BUY FEDEX? FedEx struggled to make gains ahead of its earnings report on Wednesday: what’s the trade?
I’d wait for the news to come out before developing a thesis -- and I’m a little concerned about oil, reveals Jeff Tomasulo of SMB Capital.
CALL THE CLOSE
Are the Fast Money traders buyers or sellers ahead of the close?
Jon Najarian, Dan Fitzpatrick and Jeff Tomasulo are all sellers.
Zach Karabell says to hold and watch.