Retail stocks have been rising so far this year - many of them even out performing the S&P 500- except for one: Sears Holdings (SHLD) .
The stock is down 20% so far this year, compared to Kohl's (KSS) , which is up almost 23%, JC Penney (JCP) , is up 19% and Macy's (M) , which is up 5%. The rivals are actually seeing a rise in sales - even with the threat of Amazon (AMZN) . Sears is facing store closures and plenty of debt.
When it comes to a Sears bankruptcy, experts says it's a matter of when not if. Rating agencies from Fitch to S&P recently downgraded Sear's credit rating.
And get this: Sears shares have lost 97% of their value since its 2007 high.
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.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
