Economy Blog

Word On The StreetWORD VIDEO HERERetail TradeIS the retail sector worth a short-term trade considering the bullish action in the sector of late? Kohl’s (KSS) and Nordstrom (JWN) are set to report earnings on Thursday. Macke said traders could get long KSS and JWN ahead of their reports. He thinks both firms will report decent numbers and the stocks should pop. Adami advised investors if they trade KSS make sure to be out by Friday. Finerman disclosed her hedge fund has sold out of Children’s Place (PLCE) and J.C. Penny (JCP). …
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Word On The StreetWORD VIDEO HEREDefense Stocks With Unusual Options ActivityJon Najarian joined the traders to discuss some unusual options activity he is noticing in the defense stocks. Najarian said he is seeing very bullish options action in names like Raytheon (RTN), General Dynamics (GD) and Honeywell (HON). Adami said he loves HON from a valuation perspective. He also recommended Lockheed Martin (LMT) and Raytheon. …
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Word On The StreetWORD VIDEO HEREFuture Trade - EntertainmentThe traders discussed the future of the entertainment business and what stocks could be the leaders in the industry going forward. Everyone agreed that Apple (AAPL) is a leader in the entertainment sector. Macke said investors should stick with content king Disney (DIS). He wasn’t as thrilled about Sony (SNE). Adami said EMC (EMC) is a great play on virtual storage. Finerman mentioned Pepsico (PEP) She said when consumers watch movies they will aways need to eat snakes and drink soda. Najarian recommended Cypress Semiconductor (CY) for a play on programmable chips for devices. …
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Social Networking TradeOnline social networking might not be living up to all the hype that Wall Street has created. Public companies are struggling to turn some of the social networking sites into profit centers. Macke said investors should get short any company that buys a social networking site like News Corp. (NWS). Najarian didn’t agree. He said companies like Google (GOOG) will figure out how to monetize social networking sites in due time….
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Trader RadarShares of Whole Foods (WFMI) were among the most actively traded stocks on the Nasdaq Wednesday.POPS&DROPSPOPS-Nike (NKE) popped 3% after the company said its shopping for a Chinese of Japanese rival to boost sales in Asia. Najarian said that’s a good reason for a pop. BHP Billiton (BHP) added 3% on speculaiton that China might take a stake in the mining company. Adami said the stock is getting rich on a valuation basis. He prefers Freeport-McMoRan (FCX). AstraZeneca (AZN) jumped 2% after the FDA approved the company’s anti-psychotic drug. Under Armour (UA) popped 5%. The company replaced IndyMac in the Standard & Poor’s Mid-Cap 400. Jeff Macke said the stock price will be stuck for a year. RF Micro Devices (RFMD) popped 4% after a Merrill Lynch analyst upgraded the stock. Adami said there’s a big short interest in RFMD and he doesn’t like it. Coach (COH) traded up 5%. Finerman said Coach is part of the retail rally.D…
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Trader RadarShares of Whole Foods (WFMI) were among the most actively traded stocks on the Nasdaq Wednesday.Final TradeMacke picked UPS (UPS). Adami selected Deere & Company (DE). Najarian recommended E*Trade (ETFC). Finerman said buy Yahoo! (YHOO) ahead of Carl Icahn’s proxy fight.
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