We have spent some time in this space debating the potential benefits of lower oil for the U.S. consumer and what it means for corporate profits in an environment where the dollar has surged. Yesterday’s …
Continue readingCOST
The first words I wrote this week was this from Monday morning: I concluded: But for now, trading into and out of the Fed, I suspect we find our footing prior to the rate announcement …
Continue reading
Since gapping to new highs last week on better than expected fiscal Q1 results, COST has dropped 7% in a straight line. Prior to the bulk of decline on the morning of the earnings gap we …
Continue reading
This morning COST reported their fiscal Q1 result that beat analyst estimates, showing a 7% same store sales increase vs WMT and TGT both recently reporting .5 and 1.2% comps in the same period (per …
Continue reading
Costco (COST) reports their fiscal Q1 results this Wednesday prior to the open. The options market is implying less than a 2% one day move in either direction, which is basically inline with the 4 qtr …
Continue reading
Retailers had quite a day yesterday. Macy’s (M) rallied 5% on weak guidance. Target (TGT) is at new highs for 2014 and only 1% away from the 52 week high made a year ago. Even …
Continue reading
COST officially broke out today but the signs were there for the past week and a half. This is a trade that we managed badly and I want to go over how we should have …
Continue reading
The story in U.S. retail has remained fairly consistent with over the past year, consumers have had tight grips on their wallets and retailers have had to discount aggressively to maintain market-share. This dynamic has …
Continue reading
Last night Bed Bath and Beyond reported a disappointing fiscal Q1 and offered guidance below analysts expectations, the stock is down about 8% in the pre-market, making new 52 week lows. In a Name That …
Continue reading
Back in late February when WFM was trading $53.45 I highlighted the chart (here) as the first installment in our continuing technical analysis series, “Triangle’s of Death”. Back in February the chart was forming a …
Continue reading