The Fast traders always enjoy hearing from you. Following are your questions about Supervalu, Broadcom and more.
Q: $SVU releases earnings Tuesday, up 3% today. Thoughts on food retail space, especially with current high gas prices?
A: “I don’t like Suervalu, Kroger or the space in general,” replies trader Joe Terranova. However he does like niche food retailers such as Whole Foods and Hains Celestial , both of which appeal to a more affluent consumer and better leverage trends such as organics.
Q: Samsung amazing Q1 guidance last week. A sign consumer spending is recovering?
A: “I believe it is a sign that spending is recovering,” replies trader JJ Kinahan. “Guidance was amazing. I think we could see the same in retail stocks. “
Trader Mike Murphy agrees. “Samsung is a great company to own. They have a lot of growth potential overseas and it’s a hedge against Apple . The wisdom on the Street is that if anyone can knock Apple of its perch, it’s Samsung.”
Q: Could you talk about BRCM? I've been buying on dips now it keeps dipping.
A: “I think Broadcom is still ok,” replies trader Stephen Weiss. “I think smartphone usage will increase and Broadcom should benefit. I still like it.”
Q: $GS. What pricing to expect going into its earnings?
A: JJ Kinahan says that if you’re bullish, he suggests playing Goldman with options. “If you think the stock is going higher, I’d sell puts,” he says.