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Our Favorite Earnings Next Week

Friday, 16 Nov 2007 | 10:58 PM ET

Hewlett-Packard (HPQ),GameStop (GME) and Dick's Sporting Goods (DKS) are all set to report earnings next week. How should you trade?

Hewlett Packard

Hewlett Packard should benefit not only from printers but worldwide PC demand says Guy Adami. I love this stock but adds expectations are high.

Pete Najarian recommends selling HPQ into strength on Monday and then re-evaluating.

GameStop

This is one of the few retail areas where I think it’s okay to be long, says Jeff Macke. Get long right here, right now.

GameStop was punished on Tuesday in a downgrade, Pete Najarian adds. Buy the dip.

Dick’s Sporting Goods

Under Armour (UA),Crocks (CROX), Nike (NKE), and Calloway (ELY) are performing very well, says Pete Najarian. Because Dick's carries all those brands, they should “knock the cover off the ball.”

Jeff Macke also recommends Dick’s as a buy.

Next Week's Trades #1
A preview of next week's earnings, with the Fast Money team.
  Price   Change %Change
CROX
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DKS
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ELY
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GME
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HPQ
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NKE
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UA
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Trader disclosure: On Nov. 16, 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 (INTC), (YHOO); Najarian Owns (EMC); jarian Owns (CSCO) Options, (MSFT) Options,(YHOO) Options, (GOOG) Options; Finerman Owns (ASD); Finerman's Firm And Finerman Own (FTWR), (GS); Finerman's Firm Owns (KSS), (WMT), (CROX), (YHOO),(NYX); Finerman's Firm Owns (BEAS) Options, (BIIB) Options, (NVT) Options, (NMX) Options, (MSFT) Options; Finerman's Firm Is Short (LEH), (MTW), (IJR), (IYR), (MDY), (IWM), (SPY); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm And Finerman Owned (FTWR) On 9/11/07; Finerman's Firm Owned (BIIB) Options On 11/8/07; Finerman's Firm Owns (HD) And (HD) Options, Finerman Owns (HD)

  Price   Change %Change
DKS
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GME
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HPQ
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Halftime Report

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  • 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.