|Day Low/High||6.15 / 6.69|
|52 Wk Low/High||4.38 / 20.75|
Although I am on the road at research meetings, I wanted to briefly comment on the Macy's results. (Macy's was our Stock of the Day on Thursday). Not unexpectedly, Macy's lowered forward guidance. Same-store sales in the third quarter of 2019 came i...
Retail has proved a volatile industry as tastes and trends change -- and now there are some signs that Amazon shares could be turning vulnerable, too.
There's a lot of other names to choose from in the market without the struggles of M and without management that appears to be out of touch with its own company.
Let us talk about the four reasons offered up for what looks and smells an awful lot like poor execution.
The bears already were in control of the iconic retailer's shares even before it posted a third-quarter revenue miss.
Clearly, Wednesday was a day of broad portfolio distribution. Not, however, the end of the world.
I am offering (slightly above last sales) shorts in , , , and . I am bidding (slightly below last sales) longs in , and .
It's another day of small individual stock price changes. Today (at around noon), compared to -400 breadth on Monday, there are about 100 more advancers over decliners. Bonds are well bid and yields are about two basis points lower. Oil is a schmeis...
* I remain substantially underweighted in retail as the U.S. retail market remains overboxed * I am long the disruptor, Amazon and I find value in Macy's (adding now) The retail industry continues be disrupted, post haste. There is still far too muc...
To state the obvious, the and disappointments are putting a pall under the retail space. My Trade of the Week, Macy's (which was looking great technically), is being penalized. I just added at $15.30. On Thursday M will report - I expect a small los...
Monday saw another (albeit small) market advance -- with a narrow trading range. It was good action for the bulls considering the incremental trade news. Also, we heard a lot of noise but nothing definitive: * Breadth was negative -- with around -40...
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.