Forget raindrops on roses and whiskers on kittens, if you’re a business owner you want to be one of Oprah’s favorite things!
She’s probably one of the most influential people on the planet. And if you’re a business owner she can make – or break you!
Of course we’re talking about Oprah Winfrey -- as if any last name is needed. Her daytime TV show reaches 44 million people each week and those numbers translate into big sales for the products Oprah recommends.
Over the past few years she’s catapulted products and the companies who make them into the big leagues. Take a look
PRODUCT COMPANY WISH LIST
Kindle Amazon 2008
Uggs Decker’s 2007
Cupcakes Williams- Sonoma 2007
Kitchen Mixer Whirlpool Corp 2007
iPod Apple 2005
TiVo TiVo 2003
For more on this truly American phenomenon check out CNBC's "The Oprah Effect." Click here for more.
And if you're looking for a trade, Joe Terranova has an idea for you. Of course the Oprah effect on the stocks mentioned above is over and done, but one of them could have some upside potential in the days ahead.
Look at Decker’s , Terranova counsels. $71 has been a point of resistance. If it takes out that level I think it’s a buy – but not until it trades above that level.
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Trader disclosure: On May 28th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman Owns (RIG); Finerman;s Firm Owns (RIG), (PBR), (TBT); Finerman's Firm Owns (BAC) Preferred, (WFC) Prefereed; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (ABT), (TER), (HES), (JPM), (JOYG), (XBI), (RIMM); Terranova Is Short (XOM) Call Spread; Terranova Owns (DIS) Call Spread; Terranova Owns July Nat Gas Futures; Najarian Owns (ISIS); Najarian Owns (AMAT) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MOS) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Call Spread
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