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NBG Chief Equity Strategist Brian Sozzi on the stock winners and losers in the aftermath of Hurricane Sandy.
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Let me give you a little feel of how some people in the new York New Jersey area are behaving just after hurricane sandy.
They need clothes many people are displaced.
I didn't just wasn't my kids I took a credit card I Randy unique glow you know at the -- sweaters of the things because it's suddenly -- to be forty degrees here and just -- didn't think just -- well what kind of ramifications will that have to on the line of people piling up on their credit cards.
Looking at new interest rates and then here comes a holiday season some analysts are still predicting the best retail season since 2007.
But let's talk to Brian saucy he says the hurricane may have -- retail office Max he's with the SE GE's chief equity strategist wife what he -- apple.
Cassini was -- -- people under plan for expense if you're middle income there's no way you planned to Bob -- spent 600 Ari Altman generator.
Mind -- he's going your credit card it's racking up 25% interest.
That purchase is going to impact your Black Friday -- -- Black Friday buying.
Its impact -- doing for the rest the holiday season so unplanned expense.
Even think about low income consumers if you're shopping at dollar stores you'd expect this in anyway possible right and and so what low and come they're not -- be buying apparel because that would be almost.
Discretionary expense right there's there's gonna be tradeoffs and you've already start to see this within dollar stores over the past couple quarters where they're ready not buying -- items.
If -- had implant expenses not relating to sandy you're really not buying.
And beggars can't be -- the reason that I went to unit clos was that I didn't have enough gas in my car on Saturday to drive to target.
The nearest target was too far and I just you know what.
-- first -- there so you think that that's gonna pile on credit cards may be in a couple weeks people look at their bills and say I don't have what I wanted to spend for Christmas.
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Even going there UB -- do well you can regardless.
Right and you've if you have the frequent purchase card you get a deal and that makes you feel better psychologically.
I want to talk a little bit about the hot topic and another one Abercrombie & Fitch.
American Eagle -- all of these name's -- -- they'll run together from because I'm not cool and I understand what's what but.
All -- while the age brackets of and I'm not not and then I mean let me distorts or not.
But those that I always think about what would have my mom would have done if she would -- to deal with issue -- would have bought me a couple less.
Police letters is in my closet -- and I think if you look at the Sox post sandy Abercrombie -- postal they're not doing so well.
And that reflects in just the fact that purchase it -- coming -- somewhere.
Probably keep -- retailers.
Let's go to the boosted on Friday we spoke to the CEO of general wrapped and we've already just talked about a because I can't talk enough about this company can make the generators and didn't even old I have.
Goes crazy and there will be a long tale about.
GNRC.
Because people woken up and -- I -- -- generator.
Although that.
That's it got to -- and out Jenner -- came -- last week.
Guided up -- got up thirty cents to riskier.
But look -- look the fourth quarter you have people have always viewed generators as a luxury purchase that collects dust in the garage.
I think necessary item now to get prepared for the next door and the home depots and the lows that's an obvious -- the patent that's an hot topic always took correct and I think in more supplies the stuff in the nation wind may not much the market thinks but -- issue and irregardless Brian good to see you think -- --
