Gizmos, Gadgets, & Gains?
What's the trade heading into next week's Consumer Electronics Show also known as the CES?
The 2008 International CES begins on January 7th in Las Vegas. Technology takes center stage as the biggest names in the business display some of their most promising products, explains Dylan Ratigan. But CES isn’t about unveiling innovation, he adds, it’s intended to generate sales.
I don’t think CES will be a monster catalyst for the stock market adds Pete Najarian. If you’re looking for a trade I like Research in Motion because they have such a fun gadget world. I’m interested to know what will come next for them. But overall, don’t look for CES to spark big moves.
Also, Apple doesn’t attend CES Jon Najarian interjects. Their show, which is called Macworld, happens one week later. I think that’s the tech event to watch, he says, because Steve Jobs often debuts exciting new products at Macworld.
In tech, Dell could be getting attractive adds Guy Adami.
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Trader disclosure: On Jan 4, 2008, 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); Pete Najarian Owns (CSCO), (MSFT); Pete Najarian Owns (AAPL) Options, (NEM) Options, (VLO) Options, (WEN) Options, (YHOO) Options; Jon Najarian Owns (ACI), (AG), (AGU), (BTU), (DE), (DELL), (MON), (MOO), (MOS), (POT), (WEN), (YHOO), (WLP); Jon Najarian Is Short (BSC), (KLAC), (VLO); Charles Schwab Is A Sponsor Of "Fast Money"