No. 2 - Bargain Bin?

The Fed says that it realizes credit is getting harder to come by for consumers. That came as a relief to some investors as retail shares were among the hardest hit during the credit crunch fueled sell-off of the last two weeks. With July sales figures from Costco (COST) out Thursday and earnings for the group next week, is it time to pick up some of these retail names on the cheap?

Jeff Macke likes Jos A Banks (JOSB) as a trade because the stock is down as well as Target (TGT), again, as a trade. For a long term investment Jeff recommends Costco (COST).

Eric Bolling says Jeff’s play is interesting. He likes it!

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Trader disclosure: On Aug 7 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Najarian Owns (CSCO), (NMX),(GS); Bolling Owns (NMX)