'Fast Money' Recap: Dr. Doom

Retail Trade

Retail stocks are working ahead of same-store sales, which will be reported later this week. According to Macke, this was a huge bounce because the numbers aren't going to be that bad. He wants to be out of the retail stocks ahead of the Thursday jobs number. are Wal-Mart(WMT - Cramer's Take - Stockpickr) continues to be Karen Finerman's favorite, as well as Kohl's(KSS - Cramer's Take - Stockpickr).

Guess(GES - Cramer's Take - Stockpickr) reported a 33% jump in third-quarter profits and boosted guidance. Macke says Guess is one of the retail stories of the year and he continues to like this stock. He mentioned that if investors can get Guess flat or near its Monday closing price it would be a terrific place to buy.

Najarian noted unusual options activity in Safeway(SWY - Cramer's Take - Stockpickr) with aggressive call buying in the name. Najarian mentioned that gift cards will be a $100 million business this year for Safeway. Macke is long Safeway and he likes the bullish options activity.

Sun Spots

Solar stocks like LDK Solar(LDK - Cramer's Take - Stockpickr) and Solarfun(SOLF - Cramer's Take - Stockpickr) traded higher heading into the ThinkEquity conference set for Wednesday. Najarian took off some of his Trina Solar(TSL - Cramer's Take - Stockpickr) trade on Tuesday. An energy bill is coming out that could be a catalyst to take solar stocks higher, but he continues to advise selling into strength.

(Here's a solar portfolio on Stockpickr.com Solar.)

Weak Spots

Fannie Mae(FNM - Cramer's Take - Stockpickr) cut its dividend from $0.50 to $0.35 and the stock fell. Finerman isn't surprised that Fannie is cutting their dividend. However, Najarian and Macke think Fannie Mae is a great buy and would love to get in near the $33 level.