A slew of retailers report quarterly results this week. Target (TGT) and Saks (SKS) report Tuesday...and look for The Gap (GPS) on Thursday. We know that the credit crunch is causing havoc on the corporate side, but is it hitting consumers, too?
Jeff Macke feels retail earnings this quarter will not be about the numbers. He says it’s all about the guidance.
Jeff will be watching Target (TGT) as well as Zumiez (ZUMZ) which he thinks should beat earnings and give The Street a back-to-school “tell”.
He is also watching Dick's Sporting Goods (DKS) because sporting goods have been strong throughout the market sell-off.
Also he’s keenly interested in Gymboree (GYMB) to see if they’re regaining their mojo. He says this stock is a “tell” for the discretionary market.
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Trader disclosure: On Aug 20 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Macke Owns (DIS), (JWN); Najarian Owns (ATML); Najarian Is Short (GS) Najarian Owns S&P Puts; Stacey Briere Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP; Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP; Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies
Susquehanna Financial Group Is A Market Maker In (ATML), (BIDU), (CROX), (DNDN) (FSLR), (FXI) (GYMB), (GRMN), (GOOG), (INTC), (JKHY), (LEND), (MSFT), (NDAQ), (PSUN), (PALM), (Rost, (RIMM), (SPLS), (SSCC), (TRMB), (YHOO), (ZUMZ), (QQQQ); Susquehanna Financial Group And/Or Its Affiliates Together Own More Than 1% Of The Shares Of (BSC), (BIDU),(CROX), (CME), (DNDN), (LEND), (NMX),(PALM), (RIMM), (MA), (FCX); Susquehanna Financial Group Has Provided Advisory Services To (AEO); Susquehanna Financial Group Has Provided Advisory Services To (GYMB)