With many tech stocks trading lower, Karken Finerman of Metropolitan Capital Advisors is concerned about value plays versus value traps. With business investments strong last quarter, she wonders if they stole sales from future quarters. She is concerned about this.
Looking at Wednesday's sell-off more broadly, Terranova says it can be explained, in part, because companies are tied to China and recent economic data from the People's Republic lately is "not encouraging."
Guy Adami of Drakon Capital doesn't think China's numbers were "that bad," but cautions investors. If they think this is the start of a slowdown in China, Adami says they should be careful with multi-nationals.
Tomorrow's Trades - Capital Ideas Into Year's End
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Trader disclosure: On Aug 11, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova owns (AKAM), (BAX), (FCX), (MOS), (PFE), (SU), (XBI); Terranova owns (GLD) Calls; Adami owns (AGU), (BTU),. (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman and Finerman’s Firm owns (BAC); Finerman and Finerman’s Firm owns (JPM); Finerman & Finerman's firm owns (RIMM); Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Jon Najarian owns (AKAM) short calls
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