Fast Money Picks For May 6
On CNBC's Fast Money Final Trade, Tim Seymour said that he would add to his long position in ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE: TBT) if it jumps above $48.
Steve Grasso likes Peabody Energy Corporation (NYSE: BTU), but he wants to limit his risk and place a stop loss at $4.34.
Brian Kelly wants to take a short position in iShares MSCI Germany Index Fund (ETF) (NYSE: EWG). He added that a stronger euro is good for this trade.
Guy Adami is a buyer of iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT).
Stocks You Should Be Watching Today
Some of the stocks that may grab investor focus today are:
Wall Street expects Tesla Motors Inc (NASDAQ: TSLA) to post a Q1 loss at $0.50 per share on revenue of $1.04 billion. Tesla shares gained 0.58 percent to $234.31 in pre-market trading.
Analysts expect Wendys Co (NASDAQ: WEN) to report its Q1 earnings at $0.05 per share on revenue of $475.63 million. Wendys shares declined 0.38 percent to close at $10.43 yesterday.
Herbalife Ltd. (NYSE: HLF) reported stronger-than-expected earnings for the first quarter and lifted its outlook for the full year. Herbalife shares jumped 13.49 percent to $45.50 in pre-market trading.
Prudential Financial Inc (NYSE: PRU) is estimated to post its Q1 earnings at $2.38 per share on revenue of $11.10 billion. Prudential Financial shares rose 0.06 percent to $83.45 in after-hours trading.
Analysts are expecting Whole Foods Market, Inc. (NASDAQ: WFM) to have earned $0.43 per share on revenue of $3.70 billion in the second quarter. Whole Foods Market shares gained 0.27 percent to $47.66 in after-hours trading.
Groupon Inc (NASDAQ: GRPN) reported better-than-expected earnings for the first quarter, but the company's sales missed analysts' estimates. The company also issued a weak sales forecast. Groupon shares slipped 3.36 percent to $6.61 in the after-hours trading session.
Twenty-First Century Fox Inc (NASDAQ: FOXA) is projected to post its Q1 earnings at $0.39 per share on revenue of $6.89 billion. Twenty-First Century Fox shares slipped 1.60 percent to close at $33.92 yesterday.
Analysts expect Transocean LTD (NYSE: RIG) to post its Q1 earnings at $0.60 per share on revenue of $1.91 billion. Transocean shares rose 0.63 percent to $19.10 in after-hours trading.
Electronic Arts Inc. (NASDAQ: EA) reported stronger-than-expected fiscal fourth-quarter results. Electronic Arts shares surged 3.62 percent to $61.30 in the after-hours trading session.
Wall Street expects Keurig Green Mountain Inc (NASDAQ: GMCR) to post its Q2 earnings at $1.05 per share on revenue of $1.15 billion. Keurig Green Mountain shares climbed 0.70 percent to $110.77 in after-hours trading.