How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.
BUY TECH? With so many tech names reporting next week, how should you game it?
In the space I like Microsoft , says Jared Levy of Peak 6.
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BUY BIOTECH? Biotech bigwigs including Celgene, Biogen and Boston Scientific are all on deck, how should you play biotech?
I’d short the BBH which I think could move back to $90, counsels Bill Strazzullo of BellCurve.
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BUY FINANCIALS? Financials are showing relative strength, how should you game banks with Wells Fargo, American Express and TD Ameritrade all about to report?
In the space I would be long JPMorgan or Goldman Sachs , counsels Jim Iuorio of TJM. I think the environment is perfect for these two names to make money going forward.
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BUY CONSUMER? With so many mixed signals about the consumer how should you game the space ahead of reports from McDonalds and Pepsi?
I go long McDonalds , counsels Patty Edwards of StoreHouse.
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CALL THE CLOSE
Jared Levy of Peak6: I’d remain long but also buy puts.
Bill Strazzullo of BellCurve: I’m a buyer on a little pullback in the S&P.
Jim Iuorio of TJM: I’m a buyer, lately we’ve seen late day buying.
Patty Edwards of Storehouse: I’m a seller. Earnings growth isn’t what I’d hoped it would be.
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