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Jon Najarian Likes WMT, TGT And BBY
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Posted on 11/23/09 at 5:48pm by Craig Jones
The OptionMonster.com co-founder Jon Najarian is bullish on retailers. He said in CNBC's Fast Money that he holds a long position on Wal-Mart Stores (NYSE: WMT), Target (NYSE: TGT) and Best Buy (NYSE: BBY), and believes that these stocks will go higher.
Jon Najarian added that the price war between Amazon (NASDAQ: AMZN) and Wal-Mart Stores (WMT) is putting pressure on the rest of the retailers.
Wal-Mart Stores (WMT) is up 0.74% today, and Target (TGT) lost 0.42%. Best Buy (BBY) gained 0.95%.
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