|Day Low/High||16.96 / 17.65|
|52 Wk Low/High||4.38 / 17.67|
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.
If I had an investing time frame of 1-5 years, I would be buying , , , , and the banks at current prices.
Shares were pressured significantly pre-market which has carried into the early trading day, with the stock hitting its lowest levels in six months on Tuesday.
Break in! Target's shares are -9% after a gross margin miss. We own no retail stocks - though I would be a buyer of and (the shares were green in a sea of red yesterday) on weakness.
We are all struggling to figure out when this rout ends.
Pence's speech over the weekend showed no signs of easing tensions with China.
There's no reason to own J.C. Penney when you can get better-performing rivals like Macy's or Kohl's.
The perception of the majority right now is quite negative.
In reality people just want to get out because they fear they will lose their shirt.
* Trading long around a bearish view... * Even the friend of the devil (the Bear Market) can be a friend of mine when trading "I lit up from Reno I was trailed by twenty hounds Didn't get to sleep that night Till the morning came around" - Grateful ...
Macy's makes a big move downward on Wednesday.
The upcoming shopping season could be a strong one for many retailers.
Macy's move to downsize some of its stores may be weighing on investors' minds on Wednesday.
An old dog is utilizing new tricks to keep growth going.
Strong same-store sales combined with robust earnings make the cheap stock a buy.
Even solid numbers can't overcome the price action that is dragging everything down.
The decline in Macy's shares after a strong earnings report could signal a buying opportunity for investors.
Good, clean numbers and metrics (comps +3.1%) at Macy's . The shares are up a beaner after guidance is raised. I recently sold out my M (planning to buy in a market correction) at around to slightly higher current price of $36.71. Macy's was placed...
Why? If savvy investors knew something really positive about the retailer they would have been more aggressive buyers.
Walmart is going to be the hero of our story.
Keep a close eye on same-store sales.
The never-ending strength now seen in the dollar is causing the most pain in U.S. markets.
With Wednesday's sale of Dillard's and Macy's I have no retail longs. Retail has been decimated in the last two trading sessions - both absolutely and relatively. In my view this underperformance likely reflects the recent rise in inflationary pre...
This week I sold and based on the share price increases and the diminishing reward v. risk ratios. I have sold my (the shares have traded up from $31 two weeks ago to $37 today) and (the trading sardine of all trading sardines, now over $76) longs f...