Trader Tim Seymour looked to coffee chain Starbucks to read the Chinese consumer. He said the company was in a "growth cycle" there, adding that it may have more room to expand.
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On the other hand, investors may want to watch Caterpillar to gauge the situation in China, said trader Steve Grasso. The industrial giant said this week it could cut up to 10,000 jobs by 2018, lowering sales guidance amid a commodities crunch influenced by China.
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Trader Guy Adami said Freeport-McMoRan could also help gauge the effect China has on companies exposed to commodities. The stock has fallen nearly 60 percent this year.
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, FIT, KBH, MJNA, MU, PFE, PHM, STRP, T, TWTR, GDX firm is long KO, MCD, WYNN, AMZN kids own EFA, EFG, EWJ, IJR, SPY
Brian Kelly is long BBRY, GLD, Bitcoin, US Dollar, Crude Oil; he is short Yuan, British Pound, Euro, Yen, EEM, EWC, EWU, EWG, SPY, S&P 500 Futures.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.