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With China and Europe cited as drags on corporate profits, the Fast Money pros are going all-American.That is, they’re looking at stocks of companies that are headquartered in the US and derive most if not all of their revenue domestically.
Here’s what they suggest.
Joe TerranovaDick's Sporting GoodsOne of the nation’s largest sporting goods companies, Terranova likes Dick's Sporting Goods for strong margins.When the Pennsylvania-based company reported earnings in May , they beat the Street with first-quarter earnings per share jumping 50% to 45 cents per share; estimates were 38 cents a share.
Net sales rose 15 percent to $1.3 billion, with same-store sales -- or those at stores open at least a year -- increasing 8.4 percent. Analysts were expecting revenue of $1.23 billion.
Terranova also likes Dick’s as a beneficiary of the Olympics, believing the London games will spark greater interest in athletics.--------------------------
Patty EdwardsPackaging Corp of America
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