|Day Low/High||17.66 / 18.33|
|52 Wk Low/High||5.57 / 22.30|
A few weeks ago I moved my only retail position, Macy's , from medium sized to a large sized position - partly due to fundamentals (they stink but appear to have stabilized) and improving technicals. As well, the company's large (asset value of abou...
Third quarter earnings season is down to the really nitty gritty. That said, there are still quite a few well known (to the public) retailers set to bring up the rear.
What's really going on here? Does the move make any sense? Let's take them case by case.
* Breadth was slightly negative on the day. * Gold and bond prices were down bigly. * The S&P closed near the day's low -- but nothing dramatic. * Retail (Macy's +5%) and financials were upside features. * Boeing up off a well received CNBC (+$7) in...
Macy's , the object of my recent affection, picked up a bid (along with retail) and is trading +5%. The rotation into retail is impressive considering the flat market. Note the bounce off 200-day moving average (arrows). Perfect backtest?
I noted back in late October that retail stocks looked better technically. Mikey (BadGolfer) and others have said the same in our Comments Section. As mentioned, I continued to buy the weakness in Macy's over the last few weeks. Its now a large lo...
This is a new Fed, one committed to growth for all.
I just got a MACD buy signal on Dillard's . Yup, that's technicals from a fundamentalist. Seriously though, the retail sector has been improving. I continue to add to Macy's .
I am adding small to Macy's . I have no catalyst - in fact, I wouldn't be surprised if the dividend is cut. But, a cut my be discounted at current levels.
Dow chemicals are finding a bottom, higher-yielding stocks are trading well, macro is improving and the consumer is getting stronger.
Right now, AbbVie is the best way to capitalize on the moment and on the future.
Let me give you the items I want to see before I bless buying anything in what has become a plain, out and out, treacherous market.
Wise investors should stick with those equities and stay away from high-yielders with no protection, like the MLPs.
With low price-to-earnings multiples, these stocks could be buys right now -- depending on your take on recession.
Dozens of beaten-up stocks could see tax-loss selling into the end of the year; here's a preview of some that could make up the next Tax Loss Selling Portfolio.
* Only three of eleven S&P sectors are viewed as attractive * I am in a risk off state of mind. Back in 2015 I instituted a new regular feature called "Sectors," in which I periodically offered my short-term (6-12 months) price outlook for each of t...
I just made the first trades of the day: * I added to my short at $140.94. (TLT is up by nearly +$5/share in the last few trading days). * I added to my Kraft Heinz long at $28.18. (As I wrote, 3G's sales of a small portion -- 25 million shares -- ...
A trade deal still seems far away, so check your China exposure, again, as earnings season approaches.
* I continue to trade opportunistically and unemotionally - with a calculator in one hand and a contrarian viewpoint on the other hand * The overnight +20 futures rise (China trade-related) has been reversed to a gain of only 3 handles by 6: 30 am *...
Emotions and panic must be checked at the door, if you are going to be a successful investor, especially right now.
Here we go kids, approaching the end of the trading day and earnings from Dave & Buster's , GameStop and RH . -- With GameStop investors will want to see how the company continues to navigate the impact of the mobile gaming market as well as new str...
LULU rocked its recent earnings report and is killing it, generally -- and here is why.
There's apparently no key man risk at Burlington.
Investors can find far better yield by simply buying the S&P 500.
The Fed has more than enough reason to be preemptive in a way it's never been, preemptively positive.
* "Everyone" has them Over the last few days I have been working on three problem children -- Macy's , Kraft Heinz and Canopy Growth . Though I have still not completed my analysis (all three companies face substantive competitive and business chall...
Under CEO Fabrizio Freda, the cosmetics giant takes risks and then does the blocking and tackling needed to win in a challenging retail environment.
It will be interesting to see whether Macy's weak performance was shared by these names.