The headline: Rising Gas Prices Threaten To Squeeze Retail Sales Data Released Tomorrow
The word: Jeff Macke recommends selling retail stocks on tomorrows data, then pulling back and buying again around back to school time. He expects retailers will be wanting for catalysts. In other words, says Dylan, from now until Labor Day Jeff is out.
EARLY BIRD DINERS:
The headline: Share of Manor Care (HCR) Surge On Buyout Talk After Hiring JPMorgan For Strategic Advice
The word: Eric Bolling says HCR was up 11% today. He recommends selling the stock if you own it. If not, Eric says don’t chase it.
The headline: Share of Citigroup (C), The Largest U.S. Bank, Fall Despite Plan To Cut 17,000 Jobs
The word: Guy Adami says the company needs to focus on generating revenue not cutting jobs. He recommends owning Bank of American (BAC) over this stock. Tim Strazzini sees Citi as a long term play and tells investors they can buy anytime after the stock hits $50.