Lower margin food has been a real standout for both Family Dollar and Target, as both companies are taking market share from grocers. Meanwhile, Macy's Internet sales were up by 28.4 percent.
In addition to these plays, Weinswig also praised J.C. Penney . She thinks the Plano, Texas-based department store will be a serious competitor in the year ahead, as it's recently turned its business around with new merchants and management. It also has had positive comps and strong online sales.
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UNUSUAL ACTIVITY IN FRONTLINE
In the options market, there has been "very strong activity" in Frontline, reports Jon Najarian of optionMONSTER.com. Options traders are "aggressively buying" the Feb. 29 calls.
While Najarian likes Frontline , Veracruz founder Steve Cortes said he remains bearish on commodities because the shippers have not responded. Frontline is doing well today, he explained, but it hasn't had a good six months, much less a good year. Cortes added that the Baltic Freight Index, which measures changes in the cost to trasport raw materials by sea, has not been keeping pace with the recent run in commodities.
Based in Hamilton, Bermuda, Frontline primarily transports crude oil around the world.
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CALL THE CLOSE
Najarian is pleased with the jobs report, so he's a buyer of the market. Stuart Frankel's Steve Grasso and Drakon Capital's Guy Adami, on the other hand, are sellers of the market right now.
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Trader disclosure: On Jan. 6, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Cortes Is Short (LVS). Steve Cortes Is Short (BCS). Steve Cortes Is Short (XRT), Is Long S&P. Cortes Is Short (XHB), Is Long S&P. Steve Cortes Owns (TSN). Cortes Owns (EXC). Steve Cortes Is Long Treasuries. Steve Cortes Is Short Gold. Steve Cortes Is Short Corn. Guy Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) and (YHOO). Jon Najarian owns (FRO) calls. Jon Najarian owns (AAPL), is short (AAPL) calls. Jon Najarian owns (AEO), is short (AEO) calls. Jon Najarian owns (ARMH), is short (ARMH) calls. Jon Najarian owns (BP), is short (BP) calls. Jon Najarian owns (NVDA), is short (NVDA) calls. Jon Najarian owns (RIMM), is short (RIMM) calls. Jon Najarian owns (WMT), is short (WMT) calls. Jon Najarian owns (VCLK), is short (VCLK) calls. Jon Najarian owns (TWX), is short (TWX) calls. Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MOT), (MHY), (NDAQ), (PFE), (PRST), (S) and (X).
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GUY ADAMI
Adami's wife works at (MRK)
STEVE GRASSO
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (AMGN)
Stuart Frankel & Co and its partners own (BP)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GE)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (OPEN)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (TLM)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UNM)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)
NIK MODI
***NO DISCLOSURES ON RAI
COLIN GILLIS
BGC Financial and/or its affiliates, expect to receive or seek compensation for investment banking services within the next three months from (AAPL)
BGC Financial LP and/or its affiliates, expect to receive or seek compensation for investment banking services within the next three months from (MSFT)
DEBORAH WEINSWIG
An Employee Of Citigroup Global Markets Or Affiliates Is A Trustee Of (TGT)
Citi Employees Own (JCP), (WMT)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (SKS)
Citigroup Global Markets Or Affiliates Has Managed Or Co-Managed An Offering Of (HD), (TGT), (WMT) In Past 12 Months
Citigroup Global Markets Or Affiliates Has Received Investment Banking Compensation In Past 12 Months From (HD), (KR), (SKS), (TGT), (WMT)
Citigroup Global Markets Or Affiliates Expects To Receive/Seek Investment Banking Compensation From (KR) In Next 3 Months
Citigroup Global Markets Or Affiliate Received Non-Investment-Banking Compensation In Past 12 Months From (JCP), (KSS), (M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST)
(HD), (KR), (SKS), (TGT), (WMT) Are Or In Past 12 Months Were Investment Banking Clients Of Citigroup Gloabl Markets
(CVS), (HD), (JCP), (KSS), (KR), (M), (SWY), (SKS), (SVU), (TGT), (WAG), (WMT), (COST) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Securities-Related Services)
(HD), (JCP), (KSS), (KR), (M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Non-Securities-Related Services)
Citigroup Global Markets Is A Market Maker In (CVS), (M), (COST)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (HD), (JCP), (KSS), (KR), (LOW), (JWN), (SWY), (SKS), (SVU), (TGT), (WMT), (COST)
Citigroup Global Markets Or Affiliates Owns 5% Or More Of (SKS)
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