Last Stock Standing
As colleges gear up for a chance at March glory, Corporate America is also facing off -- in their own elimination tournament.
But this is no game. It’s a battle to survive one of the worst downturns in memory. Winning involves getting into excellent shape with a tip-top balance sheet.
Despite the dismal figures, the Fast Money traders feel confident that certain retailers can easily go the distance. So, by the end of this race, which will be the last retail stocksstanding?
“There is only one name in retail to consider and that’s Wal-Mart,” says Jeff Macke. “It’s my first, last and only play in the space for the buy and hold play.”
And in case you’re wondering, he’s not bullish on rival Target. In fact, he avoid it like the plague. “Target is seeing problems in its credit card division and their real estate isn’t worth anything.”
If you’re looking for another retail play Zach Karabell suggests e-tail. “I think investors should be looking at Amazon,” he says.
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Trader disclosure: On Feb. 23rd, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns (GE) Puts; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (X) Put Spread; Najarian Owns (WFC) & (WFC) Calls; Seymour Owns (AA), (BAC), (EEM), (FXI); Seymour Is Short (NUE); Seymour's Firm Owns (PCU); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (MSFT), (RIG); Finerman's Firm Is Short (IYR), (IJR), (MDX), (SPY), (BBT), (VNO)
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