The dying shopping mall may not be the biggest threat to brick-and-mortar retailers after all. With the price of crude oil going up, consumers could face rising gas prices when it comes time to fill the tank. Gasbuddy.com projects gas prices could rise up to 75 cents in some areas of the country. With consumers left with less disposable income to shell out, retailers, including Walmart (WMT) , Macy's (M) , J.C. Penney (JCP) and more, may need to account for the effect of an empty gas tank in their earnings forecasts.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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