The “Fast Money” traders shared their first moves for the market open.
Tim Seymour was a buyer of Petrobras.
Brian Kelly was a buyer of Silver.
Karen Finerman was a buyer of Foot Locker.
Steve Grasso was a buyer of Snap.
Trader disclosure: On May 16, 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, ACB.TO, APC, APH.TO, BABA, BAC, BX, C, CCJ, CLF, CMG, CRON, CSCO, CX, DAL, DPZ, DVYE, EEM, ERJ, EUFN, EWM, FB, FXI, GE, GILD, GM, GOOGL, GWPH, HAL, INTC, JD, LEAF, MAT, MCD, MO, MOS, MPEL, PAK, PHM, PYPL, RH, RL, SBUX, SQ, T, TIF, TWTR, UA, UAL, VALE, VIAB, VOD, X, XLE, XRT, YNDX, 700.HK. Tim is short IWM, RACE, SPY. Brian Kelly is long Bitcoin, Ethereum, Litecoin, Cardano, Bitcoin Cash, Stellar, EOS, Ripple, NEO, STORM, Monero. Karen Finerman’s firm is long ANTM, C, FB, FL, FNAC, GOOG, GOOGL, GLNG, GMLP, INTC, JPM, KORS puts, LYV, PAH, SPY puts, SPY put spreads, WIFI. Her firm is short IWM. Karen Finerman is long AAL, BAC, BOT Bitcoin, Bitcoin Cash, Ethereum, C, CAT, DAL, DVYE, DXJ, EEM, EPI, EWW, EWZ, DVYE, FB, FL, GM, GMLP, GLNG, GOOG, GOOGL, INTC, JPM, LYV, KFL, KORS, KORS calls, MA, MTW, PAH, SEDG, SPY puts, TACO, WIFI, WFM. Karen Finerman is short TBT calls. Bitcoin and Ethereum are in her kids’ Trust. Karen and her firm added PAH. Steve Grasso is long stock AAPL, BABA, CAR, EVGN, GE, JCP, MJNA, MON, MTCH, OSTK, PFE, RAD, SNAP, SQ, T, TSLA, TWTR, VRX. Grasso owns Callable Trigger contingent yield note linked to SPX, RTY, and MXEA. Grasso’s kids own EFA, EFG, EWJ, IJR, SPY. Grasso’s firm is long stock AMD, COTY, CTL, CUBA, DIA, F, GE, GLD, GSK, HPQ, IAU, IBM, ICE, LEN, MAT, MJNA, MSFT, NE, QCOM, RIG, SNAP, SNGX, SPY, T, TMUS, TWX, UA, WDR, WHR, XRX, ZNGA. Grasso bought SNAP.