What's the trade as big-box electronics retailers and Fedex report earnings next week?
Best Buy (BBY)
Jeff Macke suggested that if there’s an upside surprise coming this Holiday it will come from Best Buy because sales of LCD TV’s are reasonably strong. He also anticipates strength in their videogame sales and gift cards.
Macke suggests getting long ahead of earnings as a quick trade.
Pete Najarian didn’t agree. He's concerned about BBY numbers and suggested that strength in electronics comes much more from international sales than domestic sales.
Circuit City (CC)
Circuit City is a sell, said Jeff Macke.
Avoid Fedex, Guy Adami added.