|Day Low/High||15.09 / 15.95|
|52 Wk Low/High||4.38 / 22.30|
I am bidding slightly under the market in , , and . I am offering more on the short side a bit above the market.
These stocks have grown their dividend for years but the yield has now reached levels of attraction.
Very little trading today - which reflects my low conviction level. I wasn't hit on my and bids.
I really like the pin action in a number of my core longs: , , , , (as expected off of the strength), , , , and . and , not so much! Note: Long GS (large), BAC (large), C (large), WFC (large), JPM (large), DWDP (large), HIG (large), CBS, M (small), ...
As I mentioned earlier, retail has picked up a bid. Dillard's , the greatest trading sardine extant, is doing its thing (again) -- up by +5%. And, Macy's is following suit. No trades today.
"Nope, what mattered is managers just said what the heck do I need safety for when it is overpriced when I can buy cheap and make a whole year in a day. That's what a rotation is about. That's what happened today and it is rarely a one day thing, wh...
I have reestablished very small long positions in Macy's and Dillard's at $24.27 and $63, respectively. The modest size implies a low conviction in the entry price. Macy's was placed on my Best Ideas List on November 14, 2017 at $19.39. I have made ...
Trim consumer-related shares and emphasize those that are related to secular growth trends that aren't going to let up even if the government shutdown drags on.
The RMPIA is once again outpacing the S&P 500, Dow Jones Industrial Average and the Nasdaq Composite Index.
Though financials and FANG (which are at an important top of the price channels/charts) are great, industrials (DowDuPont , 3M ), autos (a one-day wonder from yesterday), retail (Macy's , Target ), semiconductors (Micron Technology ), transports (Un...
The next month and a half could make or break this stock market.
Retail isn't a losing ETF, and it isn't defined by Macy's, it is a sector with winners and losers.
Rather than cheering the start of a new bull market, perhaps we should see this rally as a much-needed 'oversold' bounce.
If Barra is willing to be as bold with the company's balance sheet as with its corporate strategy, GM shares could be the ultimate value play.
* The fundamentals are bad and getting worse * Expectations remain far too optimistic * Reward v. risk no longer attractive * S&P cash stands at 2590 against a "fair market value" of 2400-2500 Even before Fed Chair Powell delivered his more dovish m...
I would not be surprised if we see a bout of profit-taking in the near future given the sharpness of the recent rebound.
How did we get from a rolling bear market to a rolling bull market so quickly?
It might be time to fill your carriage with Kohl's again.
One of the reasons I have never invested in retail stocks is the heavy use of buzzwords to obfuscate financial performance as opposed to real metrics.
We are going to have to differentiate retail and recognize that Wall Street tolerates nothing disappointing.
The best retailers are still Amazon, and probably Walmart.
* Corporate Managements "who never met an outlook they didn't like." In my more than four decades I have interviewed hundreds of managements and observed, in the business media, thousands more. I can not recall one management in my career who had ne...
Kohl's and Macy's holiday misses this morning will likely cause an abrupt reversal of the recent improvement in retail industry stock prices. I have not been a fan of retail stocks -- citing a profitless prosperity in a recent column, "Retail's Prof...
Let's see what the charts suggest.