Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.
Brian Kelly recommends long the Gold ETF on concerns about inflation.
Tim Seymour suggests following CEO Brian Moynihan into Bank of America shares. (Scroll down for more on this trade.)Steve Cortes prefers longBHP Billiton.Karen Finerman likes longCompass Minerals .Joe Terranova thinks Occidental is a buy despite declining energy prices.
--------FOLLOW CEO INTO BOFAAfter the close Monday, published reports said that BofA CEO Brian Moynihan snapped up 30,000 shares of his company for about $13 each.
Although the reports didn't say why Moynihan chose to purchase BofA shares now the Fast Money traders were hard pressed not to notice that shares are trading around a 52-week low. The move may be intended to show Moynihan’s confidence in the company's long-term prospects.
Should you follow?It’s not a huge purchase for him but better to see him buy then sell, says Karen Finerman. I see it as a vote of confidence and with shares near a 52-week low I’d follow him in, adds Joe TerranovaI’m on the other side of this trade, says Steve Cortes. I’m short and looking to sell more. I think the overhang of housing is just too problematic for BofA.--------Page 1 of 6 | Next Page