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Your First Move For Monday March 7th

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

Joe Terranova suggests long Bristol-Myers .

Brian Kelly recommends longPengrowth Energy Trust , "as a play on oil with a nice dividend."

Karen Finerman prefers long GM . (scroll down to find out why.)

Pete Najarian thinks St Jude is a buy. “A lot of activity out there," he says. "I think this thing is going higher.”

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GM TRADING BELOW IPO PRICE

The traders are watching GM which has been trading steadily below its $33 IPO all week.

What’s the trade?

Karen Finerman is a bullish. Although, historically a spike in oil has been a death knell for the auto trade, the Chairwoman thinks this time is different.

”And for a lot of reasons,” she says. Here’s her bull case.

”This time we have much healthier balance sheets and a lower cost structure that goes with that. We also have much more rational auto lending and a product mix that shows auto companies have learned. They don’t have lots full of gas guzzling SUVs.”

What’s the trade?

”I’m a buyer of GM but with options so I know exactly what I have at risk,” Finerman says.

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CONGRATULATIONS ANTHONY SCARAMUCCI

Skybridge Capital's Anthony Scaramucci just received this year's Hedge Fund Cares award for his philanthropic work. It’s a high honor and all of us on Fast Money wanted to take this opportunity to say, “Congratulations!”


Click here to see other Final Trade posts.

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Trader disclosure: On March 4, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (VRTS); Terranova owns (C); Terranova owns (UPL); Terranova owns (ABT); Terranova owns (MS); Terranova owns (PBR); Terranova owns (BAX); Terranova owns (TEVA); Terranova owns (CVI); Terranova owns (RSX); Terranova owns (SU); Terranova owns (CNQ);Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm is short (XRT); Finerman's Firm is short (IJR); Finerman's Firm Is Long S&P Puts; Finerman's Firm Is Long Russell 2000 Puts; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman Owns (BAC); Finerman's Firm Owns (BBY); Finerman's Firm And Finerman Own (BP); Finerman owns (C); Finerman owns (GM) leaps; Finerman Owns (GOOG); Finerman's Firm And Finerman Own (HPQ); Finerman's Firm Owns (IBM); Finerman's Firm Owns (JPM), (JPM) Leap; Finerman Owns (JPM); Finerman's firm owns (M); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (WMT); Pete Najarian owns (CNI); Pete Najarian owns (DOW); Pete Najarian owns (MO) calls; Pete Najarian owns (SA) ; Pete Najarian owns (TCK); Pete Najarian owns (BAC) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds; Pete Najarian owns (GE) ; Pete Najarian owns (JPM) calls; Pete Najarian owns (MS); Pete Najarian owns (STJ) calls; Karabell owns (GE); Karabell owns (AAPL); Karabell owns (FXI); Karabell owns (IBM); Karabell owns (GOOG)

For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DOM)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (IAU)
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Are Long Wheat
Accounts Managed By Kanundrum Capital Are Long Soybeans
Accounts Managed By Kanundrum Capital Are Long Corn
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Are Long The Euro
Accounts Managed By Kanundrum Capital Are Long Gold
Accounts Managed By Kanundrum Capital Are Long Crude
Accounts Managed By Kanundrum Capital Are Long Silver
Accounts Managed By Kanundrum Capital Are Short the S&P 500
Accounts Managed By Kanundrum Capital Are Short the U.S. Dollar
Accounts Managed By Kanundrum Capital Are Short (IXG)
Accounts Managed By Kanundrum Capital Are Short (XLF)
Accounts Managed By Kanundrum Capital Are Short The Yen
Accounts Managed By Kanundrum Capital Own (PGH)

For Zachary Karabell
River Twice Capital owns (QCOM)
River Twice Capital is short (SPY)
River Twice Capital is short (QQQQ)
River Twice Capital is short (CCL)
River Twice Capital is short (S)
Karabell and River Twice Capital own (POT)
Karabell and River Twice Capital own (BRCM)
Karabell and River Twice Capital own (CSCO)
Karabell and River Twice Capital own (GS)

For Willie Williams
Societe Genarale Facilitates Transactions In Tradable Currencies

For Anthony Scaramucci
SkyBridge Capital is a fund of funds manager. Funds held may or may not own the recommended securities.

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC