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Wal-Mart Analyst Meeting

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Some Wal-Mart (WMT) investors are calling Day 1 of the current analyst meeting, a fiasco! The pressure is on now, as Chief Executive Lee Scott addresses a hostile crowd on Wednesday.

CNBC’s Margaret Brennan joined the panel for this conversation. Following are excerpts from what was said.

Wal-Mart lowered its capital spending forecast, but not as much as the Street had hoped, explained Brennan.

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When Lee Scott speaks on Wednesday he will try to reassure investors and talk his stock higher, she added. Few, if any Wal-Mart watches expect Lee Scott to step down.

On a related note, Jeff Macke recommended buying Coach (COH) on Tuesday’s dip.

Wal-Mart Analyst Meeting

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Trader disclosure: On Oct 23, 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 (YHOO), (COH), (DIS), (EMC), Najarian Owns (SII), (C), (GOOG), (YHOO), Najarian Owns (AMZN) Options; Finerman Owns (C ), (GS), (BIIB), (BEAS), (MSFT); Finerman's Firm And Finerman Own (TGT); Finerman's Firm Owns (WMT), Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts

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