Target and other retailers are expected to report gloomy October sales on Thursday. Is anything in the group worth buying?
Jeff Macke explains that same-store sales come out Wednesday Nov. 7th and Thursday Nov. 8th.
Expectations are rock bottom, he adds. His buys are Costco (COST) for the management and Macy’s (M) because he thinks recent acquisitions will soon provide added synergy.
Karen Finerman adds that she’s a little nervous about the strength of the consumer. In retail, she recommends companies with solid businesses, that aren’t a big fashion risk and have great balance sheets.