Bet Against China, Bet Against Yum!?
Of all the stocks you could short as a bet against the rally, at least one Fast Money viewer is interested in shorting Yum! .
We're thinking there are probably more of you.
On Twitter viewer 'Top Gun' tells us he's "shorting Yum because it's the purest China play you can get on the US market."
According to Fitch, last quarter Yum Brands generated more than 44 percent of sales and 42 percent of operating profit from China, and it plans continued expansion in China.
In other words, with so much China exposure, Top Gun is betting that a slowdown would harm this stock.
Fitch seems to agree. In a recent report, the ratings agency said, "Fitch remains concerned about Yum's significant exposure to China, due to slowing economic growth."
Trader Simon Baker, CEO at Baker Avenue Asset Management, however, feels very differently. In fact, he says there's something you probably don't know that could make shorting Yum and losing bet. Get all the details in the video above.
Posted by CNBC's Lee Brodie
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to email@example.com.
Trader disclosure: On August 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long WY; Brian Kelly is long SPY Puts; Brian Kelly is short SPY; Simon Baker is long AAPL; Simon Baker is long INTC; Simon Baker is long WMT; Simon Baker is long PBI; Michael Murphy is long WFC; Michael Murphy is long LNG; Michael Murphy is long HTZ
For Will Duff Gordon
Nothing to disclose
CNBC.com with wires.