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. | |||
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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 |
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