The Consumer's Cart
Amazon (AMZN), the amazing internet retailer comes out with earnings Tuesday after the bell. Is there a trade?
Jeff Macke says Amazon survived the bubble by staying focused on online retail. He loves this stock and expects them to crush earnings.
Karen Finerman likes Target (TGT) and Wal-Mart (WMT) because she sees value in retail. Finerman feels these two companies are trading at low levels because sentiment is terrible and there’s an expectation that the consumer is dead. “I don’t believe it!” she says defiantly.
Guy Adami recommends buying United Parcel Service (UPS) because they ship merchandise consumers buy online.
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Trader disclosure: On Oct 22, 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 (HAS), (INTC), (ATVI); Najarian Owns (AAPL), (GOOG), (NDAQ), (RACK), (YHOO) (CY); Finerman Owns (GS), (COV); Finerman's Firm Owns (ASD), (CTX), (MO), (NYX), (NMX), (WMT), (MSFT), (MDC), (TGT); Finerman's Firm And Finerman Own (HD), (KFT); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts