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Your First Move For Tuesday October 19th

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Tim Seymour thinks if you’re longFreeport McMoRan, “it’s time to take profits.”

Guy Adami suggests longPG&E .

Pete Najarian recommends longIBM if it pulls back to $135.

Karen Finerman is a buyer of Hewlett Packard if it pulls back on weakness from IBM.

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BIG WEEK FOR BANKS

Considering a number of big financials release results this week how should you position, now?

Bank Earnings: The Week Ahead
Tues:
Bank Of America, Goldman Sachs
Wed: Morgan Stanley , Wells Fargo

How should you trade?

I like Bank of America here, says Pete Najarian. It’s a great franchise.

If you like BofA you have to love Wells Fargo due to the perceived quality of their book, adds Tim Seymour.

I agree that the sell-off in this space was overdone, says Karen Finerman. However I’d play the space long JPMorgan .

In the space I’d keep Jefferies on the radar, says Guy Adami. And if you're long Goldman into earnings, the stock has had a tremdous run. My sense is investors will be disappointed and the stock trades down to the mid-$140's.

Click here to see other Final Trade posts.

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Trader disclosure: On Oct.18, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman and Finerman’s firm owns (BAC); Finerman and Finerman’s firm owns (JPM); Finerman and Finerman’s firm owns (GOOG); Finerman’s firm owns (IBM); Finerman’s firm owns (MSFT); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (BAC); Pete Najarian owns (ISLN) call spreads; Seymour owns (AAPL), (BAC), (MON), (GOOG), (POT); Jon Najarian owns (IBM) calls; Jon Najarian owns (AAPL) calls

For Colin Gillis
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For Manoj Narang
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For Mark Gulley
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For Mike Khouw
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