Retail On The Run
By: Both Wal-Mart and Home Depot are breaking out ahead of sales data next week. What's the trade here?
I expect Wal-Mart will continue to deliver, says Karen Finerman. However, I’ve been selling into the rally.
Buy the dips in retail, counsels Jeff Macke. Most of the bad news has been baked into the stocks. Look at Wal-Mart and Costco .
I like Home Depot , adds Guy Adami.
I prefer Lowe’s , Pete Najarian says.
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Trader disclosure: On Apr.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 (YHOO), (MSFT), (INTC), (DIS); Najarian Owns (AAPL), (YHOO), (ENER); Najarian Owns (MER) Puts, (LEH) Puts; Najarian Owns (BSC) Calls, (MSFT) Calls, (MAR) Calls, (ESLR) Calls; Finerman Owns (HD), (LOW), (CROX); Finerman's Firm Owns (GS), (YHOO), (MSFT), (WMT), (HD), (CROX), (MO); Finerman's Firm Is Short (IYR), (IJR), (IWM), (SPY); Najarian Owns (AAPL), (YHOO), (ENER); Najarian Owns (MER) Puts, (LEH) Puts; Najarian Owns (BSC) Calls, (MSFT) Calls, (MAR) Calls, (ESLR) Calls
