Sizzling Summer Stocks – Top Trades for Q3


Looking for stocks that are about to heat up? So are the Fast Money traders.

And after sifting through mountains of research and crunching and endless string of numbers, our pros believe the following 4 stocks should all be trading sharply higher by the end of Q3 on September 30th.

Karen Finerman – Macy’s

“Sure there are reasons to not like Macy’s,” says Finerman, president of Metropolitan Capital, “but at the end of the day it’s a well run company.”

And Finerman says it hasn’t been this cheap it quite a while.

“It’s trading around 10 times earnings. It hasn’t traded at this level since 2009 and the balance sheet was much worse then.”

Also Finerman likes Macy’s because it’s business is focused entirely on the US.

Joe Terranova – NXP Semiconductor

Terranova, chief market strategist for Virtus, likes this stock as a derivative play on Apple’s iPhone as well as other smartphones. “They make chips for near-field communications.

"It’s also play on the mobile wallet,” he says, a trend he thinks takes off in the second half.

Guy Adami - Cerner

Adami, managing director of, likes this stock as way of harnessing health care reform. “In a nutshell they digitize health care records,” he says.

That's something advanced by Obamacare. "If anything the trend picks up steam."

Looking at the metrics Adami admits, “There’s been a knock on valuations,” but that hasn’t prevented the stock from advancing. “I think the stock has tremendous upside.”

Brian Kelly - WisdomTree Japan Hedged Equity Fund

Kelly, founder of Shelter Harbor Capital, likes this trade on expectations that the yen is about to get weaker.

The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar.

Posted by CNBC's Lee Brodie

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Trader disclosure: On June 28, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Brian Kelly is long SPY CALLS; Brian Kelly is long QQQ CALLS; Brian Kelly is short YEN; Brian Kelly is short POUND; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long UPL; Joe Terranova is long PXD; Joe Terranova is long WFM; Joe Terranova is long NXPI; Joe Terranova is long HYG; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long LPX; Joe Terranova is long OIH JULY $34 CALLS; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM; Karen Finerman is long M; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Scott Nations is long SPY; Scott Nations is long C; Scott Nations is long BAC; Scott Nations is long JPM with wires.