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).