FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our
"Question of the Day" right now.
TRADER RADAR Which stock should be on your screen? Follow the clues to solve this puzzle.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
EMERGING MONEY TOP 20
Fast Money's index for the world.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
On Tuesday, retail shares [RTH
Loading...
()
] surged higher after reports suggested that Gustav didn’t cause any major damage in the Gulf. With back-to-school season at hand, investors were clearly betting on lower gas prices and, as a result, an increased willingness to spend.
On Thursday, retailers overall are expected to report a 2 percent increase in same-stores sales for August with discounters like Wal-Mart [WMT
Loading...
()
] and warehouse club operators such as Costco [COST
Loading...
()
] expected to keep faring much better than the slumping apparel-based stores, according to the International Council of Shopping Centers-UBS index.
However, in a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. And those fat discounts could come at a big cost for the companies.
There's a fine line between aggressive promotions and panic, and we are seeing a little bit of both right now," said Dan Hess, founder and CEO of research firm Merchant Forecast.
---------------(scroll down for more trades)---------------
- Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner
- Fast & Furious: It's All About Soup
- Web Extra: The Trade on Walmart and RIMM
- Chartology: Grossly Oversold and Favoring the Upside
- What's Next for Citigroup?
- What to Expect From a Geithner-led Treasury
- Value Trading Opportunity of a Lifetime?
- Geithner News Sends Shorts Scrambling
- Ratigan's View: Demand "Google for Government"
- Your First Move For Friday November 21st
- Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner
Should you buy the consumer?
Expectations for some retailers are so low that they present interesting risk / rewards, explains Karen Finerman. I like J. Crew [JCG
Loading...
()
] for that reason, she says.
I’d look at Sears [SHLD
Loading...
()
], adds Jeff Macke. The news simply can’t get worse them. And I’m long Wal-Mart [WMT
Loading...
()
].
The Gap [GPS
Loading...
()
] and Urban Outfitters [URBN
Loading...
()
] both seem to be running their businesses better, adds Guy Adami. Margins are up and inventories are down. I think both a buys on any dip.
Check Out These Other Posts |
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On Aug 28, 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 (WMT), (MSFT), (UUP); Macke Is Short (TM); Najarian Owns (ETFC); Najarian Owns (LEH) Put Spread, (LMT) Put Spread; Najarian Owns (SCHW) Call Spread, (LEH) Call Spread; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (AAPL) And An (AAPL) Collar; Najarian Owns (XLF) And An (XLF) Collar; Adami Owns (C), (GS), (INTC), (AGU), (MSFT), (NUE), (BTU); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (MSFT), (SUN), (VLO), (TSO); Finerman's Firm Is Short (BA); Finerman's Firm Owns (AAPL) Calls, (JCG) Calls; Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (SPY), (IWM), (MDY)
Charles Schwab Is A Sponsor Of "Fast Money"
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes