Tiffany: A Retail Gem?


Up to 128 million shoppers and would-be shoppers are expected to spend this holiday weekend, but that number represent a drop of more than 5 percent from a year ago, according to a survey released Tuesday.

Retailers ring up roughly 10 percent of total holiday sales during the three-day weekend, best known for the deals offered on Black Friday -- named for the days when store chains used to turn a profit for the year.

The weekend's results do not always indicate how overall holiday sales will fare, but with the United States likely in a consumer-led recession, it has added importance.

If you watch CNBC regularly you know the retail headlines have been negative for quite a while. However, some traders feel all that selling pressure might be enough of a reason to get bullish.

Jon Najarian tells us, “Most of retailers are so badly battered they look more attractive to me than unattractive.”

Of course, you need to be selective in the retail sector and only look at best of breed stocks. So what does Najarian like?

Tiffany! “There’s so much negative sentiment in this stock that I think they will beat and go to the upside.”

In case you're wondering Najarian is putting his money where his mouth is. After this interview he says, "I’m going to start building a long position."


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Trader disclosure: On Nov.25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (WMT), (UUP); Macke Is Short (TM); Najarian Owns (CTX) Calls; Najarian Owns (ETFC); Najarian Owns (MOT) Calls; Najarian Owns (PHM) Put Spread; Najarian Owns (PRU) Calls; Najarian Owns (UYG) Calls; Finerman's Firm Owns (DNA) And (DNA) Calls; Finerman's Firm Owns (CSCO), (XLF), (MSFT); Finerman's Firm Is Short (USO), (IYR), (IJR), (MDY), (SPY), (IWM)

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