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| Want to know the trades that may make you money next week? Here's your playbook to tackle the Street: What's the trade heading into Wal-Mart's earnings? How do you trade record oil? What's the trade off of FedEx's reduced guidance? | |||
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 | Trader Insurance:: Pete Najarian reveals why puts and calls help hedge risk. Click here for the Fast Money Trade School Lesson of the week. | ||
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Is it a buy or a sell? Next week, the Fast Money Five tell you how to read the street’s biggest events so your fast money stays fast Tuesday: Earnings Before: Wal-Mart Earnings After: AMAT, Electronic Arts, Whole Foods Eco: Retail Sales Other: Christie's Auction, Bush to the Middle East, Earnings Before: Deere, Freddie Mac, Macy's Earnings After: None Eco: CPI Other: Boston Fed Risk Mgmt Conf, Credit Risk Conf (NYC), AIG Annual Meeting, Comcast Annual Mtg, Conoco Meeting, Sotheby's auction : WEDNESDAY CONTENT Earnings Before: JC Penney Earnings After: Nordstrom, Hewlett-Packard Eco: Jobless Claims Other: Yum Brands Annual Meeting, ASCO Book Released Tonight : THURSDAY CONTENT Friday: Earnings Before: Abercrombie Earnings After: None Eco: Housing Starts Other: FAST MONEY CHICAGO, Macy's Annual Meeting, Schering Annual Meeting, Time Warner Annual meeting | ||
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 | The Fast Money five takes a look at the week's biggest market movers. | ||
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Daily Alerts | Trades you won't find on TV | Fast Money Podcasts Want to go Face 2 Face with the Fast Money Five? Email the fast money team at |
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 | Dennis Gartman is fond of saying that if a chart begins at the lower left of your screen and continues to the upper right, it's a trade not worth fighting. And when it comes to oil, he could not be more right. Consider the following: Oil is up in six of the last seven weeks and twelve of the last fourteen. It is up 41% in the last fourteen weeks. It was up 8% this week alone. Weak dollar, you say? Well, the dollar was down slightly this week, but it had rallied in the past three weeks. There is little utility in trying figure out why oil continues to defy reality. And trying to pick oil's top is a complete exercise in futility. What is useful, however, is trying to figure out how spending habits change as triple-digit oil fast becomes the new reality. One place to look: next week's slew of retail earnings. And we begin there with Wal-Mart. Few companies have benefited more from the higher oil and tax rebate checks than the nation's biggest retailer. As people pour more money into their tanks and spend less on that gourmet latte, they are finding new ways to trim their costs. Future guidance from the retail behemoth will be key. Also on the retail earnings deck: Nordstrom, Macy's and JC Penney. Those names could be more susceptible to rising energy costs. But it's not just retailers. The other Dow component to report next week is Hewlett-Packard. And investors will be closely watching for any new developments in their planned merger when XM Satellite and Sirius Satellite report earnings on Monday. Interesting to note that MBIA will report earnings on Monday. When Ambac reported results in April, the company lost 40% of its value, but tellingly, the stocks were fine, indicating a major shift in market sentiment. But I'd be remiss if I didn't mention the television event of the year. American Idol finale? No. The NBA playoffs? Not that either. No, I'm referring to what promises to be broadcasting history in the making. Yes, Fast Money is hitting the road again, heading to Chicago to explore the unprecedented boom in commodity prices. You will not want to miss it. Remember, an open market is a market in which you can make money. So let's try to do just that all next week. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com | ||
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