Back To School Report Card
While the kids are just starting school, the retailers are about to get their report cards. Thursday we learn from Target (TGT) and Wal-Mart (WMT) whether parents loaded up on backpacks, jeans and cell phones for the kids. So what’s the trade ahead of the numbers?
Retail - 1-month Returns
Target (TGT) - Up 6%
Dick's (DKS) - Up 14%
Zumiez (ZUMZ) - Up 32%
Jeff Macke says he likes all the stocks listed above as long term buys. And if you want to bottom feed Jeff Macke is cautiously optimistic on The Gap (GPS). He also tells the panel to leave Wal-Mart (WMT) for dead.
Karen Finerman adds that she doesn’t think the consumer is dead and she likes Target as well as Office Depot (ODP) for back-to-school sales.
Guy Adami prefers American Express (AXP) for credit card sales.
Pete Najarian likes Under Armour (UA) for football season.
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Trader disclosure: On Sept, 4, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CREE), (HLTH), (PDE); Macke Owns (HAS), (INTC); Finerman Owns (GS), Finerman's Firm Owns (LTD), (WMT); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts