GO
Loading...

Is Consumer OK?

Wednesday, 7 Nov 2007 | 7:30 PM ET

October sales figures from Nordstrom (JWN) and Target (TGT) hit the Street, Thursday. Not much is expected but will the retailers at least tell the market that the consumer is ok?

Guy Adami thinks the way to play retail is MasterCard (MA) because they don’t take credit risk, they only process transactions. Adami adds that Deutsche bank just put a $250 price target on MA and he agrees.

Karen Finerman likes that expectations are really low. She doesn’t think anyone on the Street is bullish on Back-To-School and these companies have strong balance sheets, she adds. Finerman still owns Wal-Mart (WMT).

Tomorrow's Trades #3
Checking the health of U.S. consumers, with the Fast Money team.
  Price   Change %Change
JWN
---
MA
---
TGT
---
WMT
---

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

  Price   Change %Change
MA
---
TGT
---
JWN
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.