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The "Got Guts" Trade
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Retailers had a rough time last month as high gas prices and economic jitters took a toll on shoppers. But there are a few trades to be had if you've got the guts.
“I think the worst is yet to come,” says Howard Davidowitz on CNBC’s Closing Bell. The Chairman of Davidowitz And Associates expects all kinds of negative adjustments from the retailers.
”I don’t see anything good on the horizon,” he adds. “We had an early Easter and retail sales were a debacle. I can’t imagine what’s in store next month.”
Davidowitz also reveals that he’s been contacted by large hedge funds who think the bottom could be coming and are seeking his counsel. “Personally, I don’t see the bottom, but if you’ve got guts look at PriceSmart [PSMT
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],” he tells them.
“I think the environment is bullish for Wal-Mart [WMT
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]and Costco[COST
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],” adds Jeff Macke, because the only way to excite the consumer is with value like a 12-pack of socks for 6 bucks!
And if you’re looking for a “if you’ve got guts trade” from me, I recommend Borders [BGP
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], he adds.
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Trader disclosure: On Apr. 10, 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), (MSFT), (YHOO), (EMC); Jon Najarian Owns (AAPL), (AG), (AGU), (AMGN), (AMR), (BG), (BHI), (C), (CCJ), (DD), (DE), (HON), (MLNM), (MON), (MOS), (TSO), (YHOO); Seymour Owns (AAPL), (CCJ), (CSCO), (F), (INTC), (MER), (MSFT), (SBUX), (TSO); Seygem Asset Management Owns (COP), (FMCN); Seygem Asset Management Owns Shares Of Uranium One; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes
