Web Extra: Is Best Buy Sitting Pretty Ahead of Holidays?
Best Buy was one of the only stocks that traded higher on Wednesday, with investors hitting the buy button after Goldman Sachs raised estimates on the company.
Is the company well positioned into the holidays?
Or will shoppers do what Fast Money host Melissa Lee has done in the past - that is, check out the products at Best Buy but make the purchase from Amazon?
Find out in this web extra. Watch the video now!
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Trader disclosure: On Nov 9, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long BAC; Seymour is long WFC; Seymour is long GLD; Seymour is long INTC; Seymour is long GE; Adami Owns AGU; Adami Owns C; Adami Owns GS; Adami Owns INTC; Adami Owns MSFT; Adami Owns NUE; Adami Owns BTU; Terranova is long CAT; Terranova is long LULU; Terranova is long STLD; Terranova is long MUB; Terranova is long SU; Terranova is long AAPL; Terranova is long IBM; Iuorio is net short Nov calls in VXX; Iuorio is net long Dec calls in VXX; Nathan has long AAPL Nov. 390 puts; Nathan has Jan 5 puts BAC; Nathan has long Jan 10 puts MS; Nathan has NFLX calls; Nathan has long Dec 23 puts INTC; Nathan has long Nov 60 outs GMCR; Nathan has long Nov 19 calls CSCO; Nathan has long Dec 10 puts NILE; Stutland is long BP call spreads; Stutland is long VLO stock and short calls; Stutland has long stock and short calls CSCO; Stutland has short puts AAPL; Stutland has short puts KO; Stutland is long stock and short calls INTC
For Brian Kelly
Shelter Harbor Capital is long oil
Shelter Harbor Capital is long JJG
Shelter Harbor Capital is long German bunds
Shelter Harbor Capital is long GLD
Shelter Harbor Capital is long VLO
Shelter Harbor Capital is short SPY
Shelter Harbor Capital is Eurostoxx futures
Shelter Harbor Capital is EWQ
Shelter Harbor Capital is EWI
For Brian Stutland
Stutland Equities is market maker holding options and underlying positions hedged in VIX, VXX, SPX, SPY
For Anthony Scaramucci
Anthony Scaramucci is one of 8 national finance chairs for Mitt Romney’s campaign, a fundraiser for Mitt Romney and has contributed to the Romney campaign.
For Colin Gillis:
No part of any of the research analyst's compensation was, is, or will be, directly or indirectly related to the specific recommendations or views expressed by the research analyst in this Cisco (CSCO) report.
Investment banking (next 3 months): BGC Financial LP and/or its affiliates, does not expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.
Lead or Co-manager: BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Cisco within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Cisco.
For Dan Holland
No Morningstar employees, officers or directors of this company own more than 1% of the shares of Siemens AG (SI). Analysts covering this company do not own its stock.
For Dan Clifton
For Whitney Tilson
T2 Partners is short GMCR
CNBC.com with wires