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Earnings Edge: Navigating This Stormy Season

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The next 30 days are not for the faint of heart. Volatility could explode stocks may turn on a dime and investors could make or lose a year's worth of profits.

Ladies and gentleman, it's earnings season.

And with every single sector of our economy expected to show a drop in profits finding the right stocks to shelter your from the storm has never been more important.

And this time around, the stakes have never been higher. Quite simply the next few weeks could reveal if we really are in a new bull market or if the rally has been pure BS.

It's a time of the year that tests the resolve of the most-seasoned traders. And Fast Money gives you the pro’s playbook for earnings.

Pete Najarian

It’s a volatile time in the markets so I’d use the volatility to my advantage, explains the Pit Boss. If you’re buying for the long-term I’d also buy puts for protection.

Guy Adami

I wouldn’t trade headline releases, says the Negotiator, I’d trade chart patterns. It’s worked for me in Intel and more.

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Trader disclosure: On July 13th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (GE) Calls; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MFE) Calls; Najarian Owns (MS) Call Spread; Najarian Owns (NVLS) And Is Short (NVLS) Calls; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Is Short (BAC), Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC), Finerman Owns (WFC) Preferred Shares; Finerman's Firm Owns (YUM); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (IYR), (USO); Seymour Owns (AAPL), (BAC), (EEM), (FXI); Adami Owns (AGU), (C), (GS), (MSFT), (INTC), (NUE), (BTU); Finerman's Firm Owns (HPQ); Najarian Owns (JNJ) Calls; Finerman's Firm And Finerman Own (PDE); Najarian Owns (V) And Is Short (V) Calls

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