Jeff also says the following points are what investors need to know about June Same Store Sales.
- June and July are summer mark-down months. Pay more attention to hard lines and discounters than fashion plays. He says the news you can trade on will likely come out of Wal-Mart (WMT) and Costco (COST).
- Avoid specialty in general; Abercrombie & Fitch (ANF) and BeBe (BEBE) in particular
-Make a dip-buying shopping list: Jeff recommends Saks (SKS) and Costco (COST)
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On July 10th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Macke Owns (ATVI), (JWN); Najarian Owns (DNDN),Finerman's Firm And Finerman Own (HD), (NMX), (WMT), S&P Puts Bolling Owns (ICE), (NMX), (T), Gold, Silver, Natural Gas, Copper, Corn