Sell in May and go away? Or will summer fun in the sun lead you to some sizzling summer trades?
All this week we're giving you ideas for Memorial Day plays. Our summer stocks focus tonight is the beach.
61 percent of the nation's travelers plan to hit the shore this year, up from 52% in 2007 as the weak dollar makes travel overseas far too expensive. But it might not be a summer of love for investors.
Boat maker Brunswick is sinking, while Pacific Sunwear is under water. Even investors in Coppertone-maker Schering Plough are getting burned.
With the beach trade forecast looking downright gloomy, here are the “Fast Money” finds that may shine through.
I think the trade is Wal-Mart and Costco , says Jeff Macke.
If you think real estate troubles are starting to crest, look at Pool Corp , counsels Pete Najarian. They dropped on housing woes and could climb on a turnaround.
I prefer Allergan for their skin products, adds Karen Finerman.
I’m bullish on Quicksilver because revenues overseas are about to surpass those of North America. It’s a buy on any dip, says Guy Adami.
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Trader disclosure: On May 19, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (BTU), (NUE); Najarian Owns (AAPL), (TSO), (XLF); Najarian Owns (TE) Calls; Macke Owns (DIS), (INTC), (ATVI), (EMC); Finerman Owns (GS); Finerman's Firm And Finerman Own (HD) And (HD) Puts; Finerman's Firm Owns (GLNG), (MSFT), (SUN), (TSO), (VLO); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM)