SOFTER SIDE OF CONSUMER
The headline: Sears (SHLD) Becomes the Latest In Retail Blowups This Week, Hinting At Weak Consumer
The word: Jeff Macke says April same store sales come out Thursday and the market expects these numbers will be terrible. Jeff says he’s only holding retailers he likes for the long term such as Nordstrom (JWN) and Radio Shack (RSH).
GOING FOR BROKERS:
The headline: Electronic Options Market Interactive Brokers (IKBR) Surges Following IPO
The word: Guy Adami likes The New York Mercantile Exchange (NMX), because he thinks by Labor Day the exchange will have been bought-out.
The headline: Miner Trade Update As Merrill Lynch Says BHP Billiton (BHP) Could Be Stripped And Sold