|Day Low/High||51.05 / 52.73|
|52 Wk Low/High||36.78 / 64.80|
Buckle up for what is likely to be another eventful five days.
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." - Walter Deemer "When the t...
The thing about deep value plays is that you don't know when they will begin to rally -- they are hard to time. Case in point: Retail as in Kolh's and Macy's are going in overdrive now! Booyah!
* KSS and M are trading better Macy's announced a further restructuring this morning - which will include 125 store closures and the elimination of 2000 jobs. It looks positive... on the face of it. I have a call into the company and will report bac...
Much of Tuesday's rally is on the backs of hedge funds who -- poorly positioned for the Wuhan coronavirus -- started shorting virus-related stocks right into Friday.
For those that are keeping score, I am very liquid today... Longs: , , , , , , , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...
Watch bonds - as they are not modifying the equity market's recent rise. The yield on the 10 year is down to 1.72% (-5 bps on the day) - that's a multi-month low as I mentioned on Wednesday. I have pressed my JP Morgan short hedge against my bank ho...
If Tanger Factory Outlets doesn't make a big move, the odds of it falling off the Dividend Contenders list will increase.
Digging into the data, the numbers do appear to be quite the mess.
What if a stock is being propelled by actual events or changes?
* In 2019 equities rose far faster and interest rates fell sharper than the consensus expected * 2020 could be a year of out-of-the-VIX thinking and mean reversion in valuations/stock prices as profits, politics, geopolitical events and other uncert...
The maker of athleisure apparel unveils an upside surprise that illustrates how spending by people of means benefits higher-end names.
Traders loved the stock last winter near $76, yet now hate the name around $46, so now's the time to go shopping.
As contrasted with Macy's which beat comp expectations, Kohl's disappointed. I am adding to KSS under $45 in pre-market trading.
"Macy's performance during the holiday season reflected a strong trend improvement from the third quarter... Customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas." - Jeff Gennette, Macy's...
A bullish conclusion is not warranted in my opinion.
Interestingly, the spike in gold prices was indeed mimicked by a simultaneous spike in Bitcoin prices versus the U.S. dollar.
The fieldwork of J.P. Morgan's Mathew Boss, the dean of the retail group, is coming up with some pretty shocking results.
These names were among the stocks chosen for MoneyShow's Top Picks 2020 Report.
Some market highlights today (in my book): * Kraft Heinz sneaking back to the old highs. *Cronos Group and Canopy Growth Corp (a helluva trade off of the morning lows) are cannabis leadership. * Cannabis spec basket still ++. * The iShares Barclays ...
The retail dogs are having their day in the sun. I have been buying and . I expect a further rebound as tax selling is completed this week.
Given the favorable upside reward vs. downside risk that I calculate, I am placing FedEx on my Best Ideas List. It might be an interesting contrarian pick (along with a Kohl's ) for 2020.
Retail, a contrarian investment space, continues on its multiple day roll. Nice move on Macy's and Kohl's this morning - which I have been aggressively buying.
It was a slow, range-bound day with little individual or sector standouts -- to the upside or downside. * Market breadth was better than the indexes indicated (1,800 advancers vs.1,100 decliners). * Nevertheless, like yesterday, the market failed to...
Armageddonists who say otherwise can't be exorcised, but they should be ignored.
This is a market that thrives on certainty. We got it Friday.
As we approach midday, market breadth is quite strong -- at 3-1 positive. Financials and retailers (I added to and ) are upside features. I am bidding for more and . There are 12 more trading sessions of 2019 and just about anything can happen as "t...