Walmart was one of the few bright spots in Tuesday’s market closing in positive territory. Investors gobbled up shares after the retail giant posted a higher quarterly profit and raised its full-year earnings forecast.
Home Depot was another rare green stocks in a sea of S&P red, with investors cheered by its earnings and profit outlook, too.
With the market on a downswing but retailers issuing some positive results and making moves higher, how should you game the space?
For insights we turned to Simon Baker of Baker Avenue Asset Management. Find out which three retail stocks he likes best. Watch the video now!
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Trader disclosure: On November 16th, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC); Seymour is short (FCX); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Finerman’s firm owns (WMT); Finerman and Finerman’s firm owns (JCG); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts; Pete Najarian owns (BAC); Pete Najarian owns (SLV) and call spreads; Pete Najarian owns (CNI); Pete Najarian owns (F) Bonds; Pete Najarian owns (FIRE)
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