No. 3 - Getting Ahead Of Retail Thursday
May retail numbers hit The Street Thursday – with Bed Bath & Beyond (BBBY) warning Tuesday morning and Guess (GES) shares jumping after the bell. What’s the trade?
Jeff says Mother’s Day will be the driver of sales. Consequently, Jeff likes retailers that are family names such as Jos A Banks (JOSB), Gymboree (GYMB), and Children’s Place (PLCE). (Ironically none of these stores sell clothes for Mom!)
Eric Bolling says the best retailer in the world is Chevron (CVX).
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Trader disclosure: On June 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (EMC), (ATVI), (SWY), Bolling Owns (NMX), Sugar Natural Gas Futures; Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures Najarian Owns (RACK), (OCPS), (ALVR): NBC Universal Is The Parent Company Of CNBC