When it comes to retail stocks, Jeff Macke is one of the smartest shoppers around. In this feature, The Lone Wolf hunts for the best bargains and brings them to you. Following is the stock he describes as "best in show."
Petsmart (PETM) is the trade. Jeff says Americans spend over $40 billion taking care of their pets, and over 10% is spent at Petsmart, the last remaining publicly traded pet food retailer.
Petsmart carries over 13,000 items in their stores and encourages shoppers to come in with their pets in hopes of selling more impulse items.
Jeff Macke says Petsmart is still a buy because the industry is growing and PETM is the leader in the space. (Rival company, Petco, is held by private equity.)
Eric Bolling adds the company making drugs for senior dogs must be making money hand over fist. They cost a fortune.
Got something to say?! Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us. You can still send questions and comments to .
Trader disclosure: On May 17, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Macke Owns (JWN); Strazzini Owns (GOOG), (JBLU), (IBM), (EDS), (WMT), (YHOO); Strazzini Is Short (GOOG) Bolling Owns Gold, Silver, Coffee, Sugar; Bolling Is Short S&P Futures; Bolling Is Short S&P Options