|Day Low/High||129.00 / 131.88|
|52 Wk Low/High||81.05 / 131.93|
Let's check out a case for the bears as everyone is so gloomy on the trade war, economic indicators and stocks in general.
These three names - GD, MRK, WMT - will either hit resistance or hurdle immediate pivot points in as traders (or bots) try to form a technical breakout.
For FL, the story is very much a question of whether the second half of the year can be better than the first.
Investors can find far better yield by simply buying the S&P 500.
The Fed Chair's address this day will move markets. This we know.
The Fed has more than enough reason to be preemptive in a way it's never been, preemptively positive.
I do think that they realize that they are in a fight, and are being aggressive.
Nordstrom is turning the ship around from its 52 week lows. As retail foments its rift, is the company now a winner?
* In a low conviction investment backdrop The S&P Index closed at about 2930 ($293 on ). This compares to my expected trading range of between 2700-2750 ($270-$275 on SPY) and 2900-2950 ($290-$295) - so it's at the upper end of my projections. With ...
But now the market awaits any news from the Fed at Jackson Hole later this week.
In one, the U.S. is faltering, and in the other, it's booming -- but there's much more to it than either.
TGT is widening the divide in retail by navigating headline risks.
The retailer's second quarter came in incredibly strong, but the math shows the headline guidance doesn't quite add up -- that's partly why I'm cutting in half my position.
I'm taking some shares of this recent IPO today.
With TGT trading around $100, here's our updated playbook.
I dub Resonant and Chiasma as 'busted IPOs'.
The retail giant scored a big second-quarter earnings beat and reported that its traffic and sales continue to grow.
This is a market in a trading range and both dogmatic bulls and bears are going to have a difficult time navigating it.
Some retailers are increasing in relevance. Others have less and less reason for being.
But president should use position now to cut a deal with China on tariffs to avoid hammering consumer confidence.
I am long KSS, and have a number of options trades in play that I have used to reduce net basis.
It will be interesting to see whether Macy's weak performance was shared by these names.
The freedom of choice coupled with a plentiful job market and frugality define this new beast.
Most retailers do not, but here are a few that have the right story.