The “Fast Money” traders shared their first moves for the market open.
Tim Seymour was a buyer of Starbucks.
Karen Finerman was a buyer of General Motors.
David Seaburg was a buyer of McDonald’s.
Steve Grasso was a buyer of Rite Aid.
Trader disclosure: On January 29, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Tim Seymour is long AMZA, APC, BABA, BAC, BX, C, CCJ, CLF, CMG, CSCO, CX, DAL, DPZ, DVYE, EEM, ERJ, EUFN, EWM, FB, FXI, GE, GILD, GM, GOOGL, HAL, INTC, JD, MAT, MCD, MO, MOS, MPEL, PAK, PHM, PYPL, RAI, RH, RL, SBUX, SQ, T, TIF, TWTR, UA, UAL, VALE, VIAB, VIPS, VOD, VRX, XLE, XRT, 700.HK. Tim is short IWM, RACE, SPY. Karen Finerman is long AAL, BAC, BOT Bitcoin, Bitcoin Cash, Ethereum, C, DAL, DVYE, DXJ, EEM, EPI, EWW, DVYE, FB, FL, GM, GMLP, GLNG, GOGO, GOOG, GOOGL, JPM, LYV, KFL, KORS, KORS calls, KORS puts, MA, MTW, SEDG, SPY puts, TACO, URI, WIFI, WFM. Bitcoin and Ethereum are in her kids’ Trust. Karen Finerman bought MTW, sold FNAC. Her firm is long ANTM, C, FB, FNAC, GOOG, GOOGL, GLNG, GMLP, JPM, JPM calls, KORS puts, LYV, NXPI, SPY puts, SPY put spreads, WIFI. Her firm is short ESRX, IWM, MDY, VRX calls. “Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Inc. David Seaburg has a financial interest in EDIT. Diamond Offshore: an employee of Cowen Inc. serves on the Board of Directors of Diamond Offshore.” Steve Grasso’s firm is long stock AMD, CMG, COTY, CTL, CUBA, DIA, F, GE, GLD, GSK, HPQ, IAU, IBM, ICE, M, MAT, MJNA, MSFT, NE, QCOM, RIG, SNAP, SNGX, SPY, T, UA, WDR, ZNGA.
Grasso is long stock AAPL, BABA, CAR, EVGN, JCP, MJNA, MON, OSTK, PHM, SQ, T, TWTR, VRX, VSTO. Grasso owns Callable Trigger contingent yield note linked to SPX, RTY, and MXEA. Grasso’s kids own EFA, EFG, EWJ, IJR, SPY.