Wall Street Addict

The crew at Fast Money discussed how retail stocks may be affected by the whipsaws of trading. Najarian pointed at that while stocks were down early, technology names recovered. According to Macke, investors shot first and didn't bother to ask the questions in the retail sector. Finerman feels something else besides fundamentals were at work with regards to the overall market sell off and the selling seen in retail stocks.Target (TGT), Lowe's (LOW) and Wal-Mart (WMT) traded lower off the poor consumer confidence numbers. Adami thinks Target is worth a trade here.
Christmas Season:Margret Brennan, CNBC's chief correspondent, thinks consumer electronics and retail accessories like handbags and shoes will be strong again this Christmas. She is looking at Wal-Mart and agrees with Adami on Target for a play on strong consumer electronics demand. Macke recommends Coach (COH). Adami suggests Saks (SKS). Najarian continues to favor athletic apparel maker Under Armour (UA)Word on the StreetExisting home sales were reported on Tuesday and hit a five-year low. Finerman has concerns that Lennar (LEN) may have write-downs in the future, and that short-term trade is in order at Centex (CTX). Adami: if KB Home (KBH) trades down to a 52-week low on 10 million shares, buy it for a short-term trade. The strike at General Motors (GM) hit its second day on Tuesday as investors grow nervous of a stalemate. Najarian doesn't want to see the strike go more then five days. Adami's idea for an auto trade look is to look for a pullback in BorgWarner (BWA).Technology SectorApple (AAPL) and Google (GOOG) hit new records as technology stocks continued to shine. Najarian says gadget stocks like Garmin (GRMN) and Research In Motion (RIMM) continue to be strong as well. Chemical and Consumer Sectors:Najarian: Likes Crocs (CROX), Monsanto (MON) and Digital River (DRIV).
Carter Worth: chief market technician at Oppenheimer, joined the crew to discuss his take on technical analysis in the markets. Says there is strength in materials, energy and industrial stocks, but that strength is being offset by weakness in consumer discretionary and financial stocks.BHP Billiton (BHP) vs. Wal-Mart (WMT). BHP is killing WMT in performance. The second chart was Schlumberger (SLB) vs. UBS (UBS) and the third was Arcelor Mittal (MT) vs. Toyota (TM). UBS and MT are the out performers in the above three comparisons and BHP has room to go higher.
Pops & DropsPops -- ValueClick (VCLK) traded up 13% and Focus Media (FMCN) traded up 19%.NAVTEQ (NVT) traded up 11%.Tesoro (TSO) popped 3%. Adami is bearish on the refineries.USEC (USU) popped 6%.Drops -- Vonage (VG) plunged 34%Whirlpool (WHR) fell 5%Freeport McMoRan (FCX) fell 2%Face2FaceIntercontinental Exchange (ICE) has fallen considerably from its high of $174. Is this an opportunity to accumulate a larger position, or is ICE's stock price reflecting slower growth? Finerman responds by noting that the exchanges are in play for M&A and this could draw in more investor interest for names like ICE. Macke was asked his opinion on Chipotle Mexican Grill's (CMG). Macke likes CMG for a trade.
Final Trade Macke favors eBay (EBAY).Finerman prefers Comverse Technology (CVMT).Najarian tells investors to play the online ad space with Digital River (DRIV). Adami likes USEC (USU)

Labels: AAPL, CNBC, COH, CTX, fast money, GOOG, GRMN, LEN, LOW, RIMM, SKS, TGT, UA, WMT