On CNBC's Fast Money, Patty Edwards said that she is watching Big Lots, Inc. BIG. She thinks that the bad news are already reflected in the price of this stock. Big Lots, Inc. (BIG) recently lowered its guidance, and the stock is currently trading at 10 times earnings.
Patty Edwards believes that Big Lots (BIG) could jump to $35, because investors would rather buy a stock like this one, than Family Dollar Stores, Inc. FDO or Dollar Tree, Inc. DLTR.
Big Lots (BIG) fell 0.43%, while Family Dollar (FDO) gained 0.61%. Dollar Tree (DLTR) lost 0.11% today.
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Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasConsumer DiscretionaryGeneral Merchandise StoresPatty Edwards
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