Here’s our Fast Money Final Trade. Our gang gives you Monday’s best trades, right now.
Tim Seymour says “Alcoa has had a great run but it’s time to get out.”
Guy Adami suggests short Abercrombie & Fitch with a stop out above $35. Valuations don’t make sense.
Karen Finerman recommends selling Transocean.
Joe Terranova says “shortCaterpillar .”
POTASH BREAKING NEWS
After hours Friday Potash , the world's biggest fertilizer
producer, lowered its 2009 earnings target citing weak sales.
The company said it now expects full-year earnings to be between $3.25 to $3.75 per share, down from its previously posted guidance of $4 to $5.
What’s the trade?
Inventories are uncomfortably high, says Joe Terranova. And the fundamentals in the grain market are not good.
I would own Potash here, counters Tim Seymour. It's a great longer-term trade.
OPTIONS ACTION: P&G
On the Dow, Procter & Gamble was the top boost Friday after Citigroup upgraded the company to "buy," saying the consumer products company is ready to lower prices to win back market share.
Scott Nations of NationShares suggests that investors are bullish on P&G’s decision to expand market share.
An unusual volume of $60 call buying suggests to him the stock could go higher. “I like being long calls here,” he says.