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Since the beginning of the year, Starwood (HOT) is down 13%, Wyndham (WYN) has fallen 9%, Las Vegas Sands (LVS) sunk 27% and Wynn Resorts (WYNN) is down 13%, explains Dylan Ratigan.
I don’t think we’ve seen all the bad numbers come out of these stocks yet, says Karen Finerman. I wouldn’t get long, she counsels. But be careful, the market is moving swiftly. Don’t short these stocks either. Just walk away.
I think these stocks are being priced for recession, adds Jeff Macke.
Take a look at MGM (MGM) says Pete Najarian. Dubai is in that stock.
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Trader disclosure: On Jan 17, 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 (YHOO), (INTC); Pete Najarian Owns (BIIB), (C), (CSCO), (EBAY), (ETFC), (MS), (MSFT); Pete Najarian Owns (LEH) Puts; Pete Najarian Owns (AAPL) Calls, (AIG) Puts, (WM) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (PLCE); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Is Short (IYR), (IJR); Finerman's Firm Is Short (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (HET) And Owns (HET) Puts; GE Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"; Jon Najarian is Short (MRK) and (SGP)
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