Profit From Weakness: Karen Finerman reveals how to profit from the weak dollar. 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. | |||
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The summer can be a deceptively tricky time for investors. Volume slows down. The news cycle tends to get a bit slower, and the eyes and minds of normally focused traders tend to drift to the shore as the soft breeze of the beach beckons. But if we've learned anything, it's that summer doldrums can be a perilous place to trade. Stay vigilant!! Remember, it was around a year ago this time that casual investors were introduced to the alphabet soup that is the mortgage crisis. CDOs, MBSs, SIVs and the like made their way into the lexicon of money. Bear Stearns had just disclosed that two of its hedge funds were deep in the red, and we all know how that story ended. The credit crisis appears to have subsided from now, with liquidity having returned to the credit markets, but other threats could derail that summer vacation. And chief among them appears to be oil. The new crude reality of $4 a gallon gas is having a profound effect on how individuals live their lives. People are driving less, and spending less but they are still spending, and that will lead to moneymaking opportunities. Look no further than Wal-Mart. And with that, let's turn our attention to next week. The calendar slows down considerably, but there are some noteworthy earnings to watch for. On Tuesday, we get earnings from homebuilders Toll Brothers and Hovnanian. The housing sector was ground zero for the credit crisis, and the sector's been down 44% in the last 52 weeks, but so far this year, it has been up on expectations that the worst is at least nearing an end. Also on the calendar will be a series of annual meetings from companies as diverse as General Motors, Home Depot, Delta, Ambac and Las Vegas Sands. Also next week, we will see a sprinkling of economic news starting with ISM figures on Monday, factory orders on Tuesday, and the big kahuna on Friday when we get the monthly jobs report. The nation was shedding jobs before record oil started to pinch pocketbooks, and it will be interesting to see if that trend will continue now that consumers appear to be cutting back. Remember, an open market is a market in which you can make money. So let's try and do 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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