Retail numbers might have been the big story on Thursday but it’s a derivative play that we think will grab you on Friday.
Jeff Macke believes a tech derivative play is the credit card companies such as Mastercard (MA). He feels they will benefit from the explosive growth of internet shopping. Although there are other methods of payment, Macke thinks consumers will prefer using their charge cards.
Karen Finerman thinks plastic will grow in all areas of retail and suggests that both Mastercard and American Express (AXP) will benefit from the phenomenon.
Guy Adami concurs. By 2009, he says 65% of transactions will be by credit card.
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Trader disclosure: On Oct 11, 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 (EMC), (HAS), (INTC), (JWN), (ATVI): Najarian Owns (GOOG); Najarian Owns (EMC) Call Options: Finerman's Firm And Finerman Own (ASD): Finerman's Firm Owns (DAI), (LTD), (MSFT), (NYX), (NMX), (TGT). (WMT), (GS), (COP): Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts: GE Is The Parent Company Of CNBC