Better News In "Store"
Retailers rallied Tuesday on high hopes for November same-store sales numbers, which come out later this week. Which stocks might you trust with your money?
Jeff Macke thinks the trade is to get out of the retailers by Thursday afternoon – ahead of the jobs report. But, retail names are so beaten down that any positive catalyst could boost them higher, he adds.
On a related note, Macke’s favorite name in the space is Guess (GES).
Karen Finerman agrees with Macke’s thesis. Her favorite names in retail are Wal-Mart (WMT) and Kohl’s (KSS).
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Trader disclosure: On Dec. 4, 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 (ATVI), (DIS), (SWY); Najarian Owns (TSL) Options, (XMSR) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (JWN), (KSS), (WMT), (YHOO); Finerman's Firm Owns (MSFT) Options, (BIIB) Options; Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (MBI), (LEN); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC