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The Home Stretch

Earnings season draws to a close next week with Wal-Mart and Hewlett-Packard the remaining Dow Components still left to report. Is there a last minute earnings trade here?

Wal-Mart

Wal-Mart was one of the few bright spots in retail last month. Figures released Thursday by the International Council of Shopping Centers show Wal-Mart's domestic retail sales posted a 3.6 percent year-over-year increase, the strongest numbers so far this year. The retail giant reports earnings Tuesday before the bell.

I expect profit margins will narrow but that’s probably already in the share prices, says Karen Finerman.

Hewlett Packard

Global PC shipments soared 14.6% in the first quarter despite slowing U.S. sales. Hewlett Packard reports earnings Thursday after the bell.

I expect to hear good things from Hewlett-Packard, says Guy Adami. I’m not sure what will happen short term but long-term I think HPQ is a buy.

I like Hewlett-Packard as well, says Pete Najarian.

Me too, Jeff Macke exclaims.


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Trader disclosure: On May 9, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (BTU), (NUE); Najarian Owns (AAPL), (BKC), (TSO), (XLF); Najarian Owns (AA) Calls, (BID) Calls, (BUD) Calls, (C) Calls, (MSFT) Calls, (YHOO) Calls; Macke Owns (ATVI), (MSFT), (INTC); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU), (HD); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (MSFT), (TSO), (VLO), (PLCE); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC

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