Horrible Start, Now What?
The jobs report Friday probably holds the key to how February will begin. What should you expect?
I’m afraid of a weak jobs number and if it does come in weak I fear it could reverse the recent rally in retail, says Karen Finerman.
If that number punishes the market, I think it’s an opportunity to buy, counters Pete Najarian. Whenever the market overreacts to news, I think investors should buy stocks that are best of breed.
I fully expect the number to stink, says Jeff Macke. Buy the dips and sell the rips.
I like McDonald’s , says Guy Adami. I think it’s cheap.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Jan 31, 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), (EMC), (INTC), (ATVI); Najarian Owns (BR), (C), (CSCO), (EMC), (MS), (MSFT), (YRCW); Najarian Owns (EBAY) Calls, (CMC) Calls, (GOOG) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (PZN), (TSO), (VLO), (YHOO), (BR); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Is Short (SPY), (IYR), (IJR), (MDY), (CME), (WFC), (COF); Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts