Shareholder Rights: Karen Finerman explains the principles of appreciation without representation Click here for the Fast Money Trade School Lesson of the week. |
The Fast Money five takes a look at the week's biggest market movers. | |||
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 |
It has started my Fast Money friends the unofficial start of summer and the official start of lower trading volumes and slower news cycles. Or so we thought last year. If last summer taught us anything, it is that the summer trading doldrums can often be a perilous time to trade. Just think back to the gut-churning volatility that pulled so many of the Wall Street set from their summer homes in the Hamptons to the hot, sweaty caldron of fear & greed that was the financial landscape in '07. If this week was any indication of what the summer may bring, I only have one word of advice: Watch Fast Money. Because while the beach may beckon, taking your eyes off the trading screens may be a luxury you cannot afford. The Dow lost 3% this week as oil continues its climb to once unimaginable highs. The financial were also clobbered this week on the realization that higher oil could hamstring the Fed and force the nation's top moneyman to hike interest rates and oh, yeah, there is the sinking suspicion that many brokerage stocks are sitting on more lousy loans. And with that, we turn our attention to next week's abbreviated trading sessions (market's closed on Monday), where the earnings news will trickle to a halt. The three big names to keep an eye on next week will be Costco, Dell and Tiffany's. Costco and Tiffany's provide a nice snapshot of the health of the consumer on booth ends of the spectrum. We saw how high oil has boosted the bottom line at Wal-Mart. Will it do the same for big-box retailer Costco? Also, will we finally see a slowdown from the high-end consumer when (TIF) posts results? The Fast Money will be watching. Also worth watching will be the slew of economic news to hit the tape, including consumer confidence and new home sales on Tuesday, durable goods on Wednesday, and GDP on Thursday. In the absence of earnings news, those data points could really move the tape, especially if volume is thin. One event sure to more biotech names will be the annual ASCO conference, which kicks off in Chicago on Friday. We will be all over that next week. Remember, an open market, especially one with thin trading volume, is a market in which you can make money. So let's try to do that all next week. Enjoy the extended weekend. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com |
All opinions expressed by the Program Participants are solely their current opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them. Such opinions are based upon information they consider reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. The Program Participants are professional traders who may be actively involved in securities discussed herein, on behalf of themselves, their companies and their clients. Also, the opinions expressed by the Program Participants may be short-term in nature and are subject to change. No part of the Program Participants’ compensation from CNBC is related to the specific opinions they express. Past performance is not indicative of future results. Neither the Program Participants nor CNBC guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed herein. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned herein may not be suitable for you and you should make your own independent decision regarding them. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You should strongly consider seeking advice from your own investment adviser. To unsubscribe from The Final Trade click here |
No comments:
Post a Comment