Trade Tomorrow: Global Markets & Best Buy
#1 - Breaking Up Is Hard To Do
Global markets appear to be closely linked with weakness at home dragging other nation’s lower. What's the trade if there's nowhere in the world to hide from a slowing U.S. economy?
Taiwan, Mexico, Chile and Thailand were the only major foreign markets to finish Q1 in positive territory, explains Dylan Ratigan.
I don’t think anyone can benefit from globalization, says Jeff Macke, and then claim we’re de-coupled on the way down. This is exactly what I expected.
I never really bought into that idea either, says Guy Adami. We’re all in this together.
Nor am I surprised, adds Karen Finerman.
The Bottom Line: It seems like we’re fully and completely coupled, concludes Dylan Ratigan.
#2 - Best Buys In Electronics
Best Buy earnings Wednesday may offer a window into health of tech spending. What will they say about TV and computer sales and what does it mean for Corning, Dell and all the major players?
It looks to me like there’s less and less demand, says Pete Najarian. I’m expecting Best Buy numbers to be weak.
Watch their guidance, adds Jeff Macke. It’s not about bottom fishing, it’s about getting a read on consumers.
I think Corning is the trade, adds Guy Adami.
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Trader disclosure: On Mar.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), (HAS), (INTC); Najarian Owns (AAPL), (CSCO), (MSFT), (NOK), (TSO), (XLF), (YHOO); Najarian Owns (AA) Calls, (COP) Calls, (BSC) Calls; Najarian Owns (LEH) Puts; Finerman's Firm Owns (SPY), (MO), (MSFT), (NYX), (PM), (TSO), (VLO), (WMT), (YHOO), (GS), (GLNG); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM); Charles Schwab Is A Sponsor Of "Fast Money"