Wednesday, December 25, 2024
While the markets remain in a state of turmoil and prices continue to fall, corporate activists have been picking up their pace. Two developing situations are now worth the attention of patient but aggressive investors… Because the potential returns are getting quite big. Here’s what I’m seeing… First, there is the ongoing saga of Kohl’s […]
It is official: we are in a bear market. What should we do now? Sell stocks? Assume the fetal position and hide under the kitchen table with a death grip on a bottle of cheap tequila? Get a medical cannabis card to ease the pain of losing money? Buy gold and silver? Hide all our […]
Athletic footwear has come a long way from the humble “tennis shoes” of decades ago. Now, this footwear has become the norm, with the enduring popularity of athleisure. That’s why the Kantar BrandZ Most Valuable Global Brands 2021 ranking showed that apparel brands saw some of their fastest brand value growth in 2021, as shoppers […]
It was the most challenging week in recent memory for blue chip retailers, with inflation and supply chain constraints hurting earnings and scaring away investors. Options action was mixed in Consumer Staples Select SPDR ETF (XLP), the leading retail sector ETF. One massive put spread that traded in XLP options during the week appears to […]
Several key retail stocks sold off sharply last week as inflation and supply chain issues took a toll on earnings. Target (TGT) was hit the hardest and dropped 25% in a day. Costco (COST) and Walmart (WMT) also saw their share prices decline. Options action was mixed on TGT, with some options traders potentially looking for a […]
VIZIO Holdings (VZIO) shares are trading near their recent 52-week low—south of $12—following the company’s initial public offering (IPO) of $21 in March of last year. At the time, the company priced just over 12 million shares at $21-$23 in its debut; after the deal, the size was reduced from 15 million shares. In its […]
Pay close attention to Nordstrom (JWN). After diving from a November high of $34.65 to a low of $19.39, the retailer is once again skyrocketing—so much so, it could refill its bearish gap around $32.50 a share, near-term. This is all thanks to blowout earnings and a strong outlook. For its fourth quarter, Nordstrom posted […]
The coronavirus pandemic isn’t finished with us just yet, but hopefully it’s nearing its end. On Monday, the U.S. reported 1.08 million new cases of COVID-19, according to the Johns Hopkins University of Medicine’s Coronavirus Research Center. “The new daily tally brings the total number of cases confirmed in the U.S. since the start of […]
Best Buy (BBY) shares have been clobbered, all thanks to disappointing gross margins in the company’s latest earnings report. However, after dropping from $140 to about $102.50, the pullback has become overkill. At current prices, not only has the BBY stock found strong support dating back to early 2021, but it’s also become aggressively oversold […]
Black Friday was a day for the algorithms. Bad news on the Covid front sent a shock wave through the system while many traders were at the dinner table or shopping mall and NOT at their trading desk. Oil was down 13%… that’s a nasty day. Does that mean energy is set to drop? What […]
