Dollar Stores Stealing Share from Wal-Mart

In a time of macro uncertainty when most consumers are on the hunt for a bargain, what should you expect from Dollar Tree earnings?

BB&T Capital analyst Anthony Chukumba says look for Dollar Tree as well as rival dollar stores  to take market share away from Wal-Mart.

”Essentially the advantage dollar stores have is convenience,” Chukumba tells us.

”They’re right in the neighborhood and it’s easy to get in and get out. By comparison Wal-Mart is a giant store, a half an hour drive and you have to wait in a long line.”

But that doesn’t mean you should run out and buy here. Chukumba  and Fast trader Karen Finerman both think that’s all priced in.

“If we see the stock come in and valuations go down to mid-teens, then I’d be interested,” says Chukumba but not here.

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Trader disclosure: On November 16, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders:
Seymour owns BAC; Seymour owns WFC; Seymour owns FCX; Seymour owns INTC; Terranova is long VATS; Terranova is long LQD; Terranova is long MUB; Terranova is long SU; Terranova is long HES; Terranova is long AXP; Terranova is long IBM; Terranova is long STLD; Terranova is long CNQ; Terranova is long CAT; Terranova is long SBUX; Terranova is long CF; Terranova is long EMC; Terranova is long SCSO; Terranova is long HPQ; Terranova is long LULU; Terranova is long AAPL; Finerman has AAPL short calls; Finerman is long GOOG; Finerman is long JPM; Finerman is long IBM and has short calls; Finerman is long WNT and has short calls;
Finerman is long TGT; Adami owns C; Adami owns GS; Adami owns INTC; Adami owns AGU; Adami owns NUE; Adami owns MSFT; Adami owns BTU

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