As goes the U.S. consumer, so goes the U.S. economy. Bur trying to decipher the strength of the U.S. consumer by merely looking at some of the top performers in the retail space (what we …
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In case you missed it, recent U.S. housing data is pointing to a recovery, from this morning’s WSJ.com Housing Showing Signs of Recovering: Existing home sales rose at their strongest pace in five-and-a-half years in May, suggesting that …
Continue readingEvent: Costco (COST) reports their fiscal Q3 results tonight after the close. The options market is implying about a 2.3% one day move which is a tad rich to the 4 qtr avg move of …
Continue readingThe fact that shares of American Express (AXP) are down almost 15% on the year puts it in the lead for the worst performing stock in the Dow Jones Industrial Average. The reasons for the …
Continue readingCostco (COST) is down 2% today after reporting March comp sales that were lower than expected, but up 4% excluding gas and foreign exchange. I can’t imagine how much they would have been up if it …
Continue readingEarlier (below) I closed the March 65/67.50 call spread that I entered nearly one month ago in Macy’s. The original trade was to express a bullish view into the company’s Q4 earnings. As I stated in …
Continue readingA little less than a month ago I made a bullish trade with the idea that Macy’s would re-test its prior highs. The thought was that there was plenty of short term bad news in …
Continue readingMacy’s has had an interesting 24+hours. Following the release of their Q4 earnings report the stock seems to be a a bit confused.Initially it opened unchanged but quickly came under pressure yesterday, getting as low …
Continue readingA couple weeks ago I took a look at Macy’s (read below) after strong sales results for Kohls, another U.S. retail that should get the benefit from no strong dollar exposure and a consumer that …
Continue readingYesterday in my MorningWord (Retail Therapy) I discussed the investor push and pull for U.S. retailers between those with little to no exposure to a strong dollar that benefit from lower oil (both from the benefit to their consumers and …
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