You know them best from their catchy commercials that simply ask, “What's in your wallet?” Well, Capital One (COF) reports earnings tomorrow, and maybe the better question should be: what’s not in your wallet? Will higher gas and lower home prices finally result in a weaker consumer?
Karen Finerman says she’s worried that subprime weakness is working its way into other parts of the financial sector - and she says she’s “really afraid” of this stock.
Karen then says pawn shops could benefit and recommends First Cash Financial Services, Inc. (FCFS), Cash America International (CSH), and EZCORP (EZPW); three publicly traded pawn shops.
Jeff Macke agrees with Karen and says avoid Capital One stock completely.
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Trader disclosure: On July 18th 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 (INTC), (JWN), (SWY); Najarian Is Short (LEH); Najarian Is Short (YHOO); Bolling Owns (XOM), (BP), Gold, Silver, Copper, Platinum, Corn; Bolling Is Short (FXI) And Owns (FXI) Puts; Finerman Owns (CX), Finerman's Firm And Finerman Own (C); Finerman's Firm Owns (BAC), (COP), S&P Puts, Russell 2000 Puts