Hewlett-Packard (HPQ),GameStop (GME) and Dick's Sporting Goods (DKS) are all set to report earnings next week. How should you trade?
Hewlett Packard should benefit not only from printers but worldwide PC demand says Guy Adami. I love this stock but adds expectations are high.
Pete Najarian recommends selling HPQ into strength on Monday and then re-evaluating.
This is one of the few retail areas where I think it’s okay to be long, says Jeff Macke. Get long right here, right now.
GameStop was punished on Tuesday in a downgrade, Pete Najarian adds. Buy the dip.
Dick’s Sporting Goods
Under Armour (UA),Crocks (CROX), Nike (NKE), and Calloway (ELY) are performing very well, says Pete Najarian. Because Dick's carries all those brands, they should “knock the cover off the ball.”
Jeff Macke also recommends Dick’s as a buy.