Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Holiday Shopping Season Starts With a Whimper

By

Strengthen your portfolio in good times and bad.

PrintPRINT

Black Friday

This year, Black Friday may take on new meaning for US retailers. Traditionally the day when profits turn from red to black, retailers may struggle through the first 24 hours of what's expected to be the worst holiday shopping season in 6 years, according to Bloomberg.

A Gallup poll shows that individuals are likely to spend an average of $616 on presents this season, down nearly 30% from a year earlier. But stores are fighting declining consumer confidence by opening doors at midnight and marking down items as much as 70%.

For more on the retail sector, see Ticker Shock: J. Crew, Dillards Post Disappointing Results.

From the Bull Pen: The sentiment in retail is pretty bad, but these expectations may already be priced in. Consider Amazon (AMZN) to the upside. Bulls might be able to catch it on a pullback towards $40.

From the Bear Cave: A short opportunity might exist in Simon Property Group (SPG) into the $55 level, which marks the top of its downtrend from September. Buy stops can be set above that level.


Quick Check Around the World

Asian trading closed with the Hang Seng 2.48%, Nikkei 1.66%, Sensex 0.73%, Taiwan 0.15% and Shanghai -2.44%.

Glancing towards Europe, we see the CAC -1.56%, DAX -1.51%, FTSE -0.31%

As of 8:15 a.m. EST, S&P futures are trading -7 to 879, and Nasdaq futures are -13 to 1181.


A Look At Commodities

Crude oil is trading -0.72 to 53.72. Gold is +1.9 to 810.40. Silver is -0.100 to 10.120 and copper is -5.550 to 161.25.

The dollar index is +0.992 to 86.520.


On the Radar

Economics

10:00 NAPM-Milwaukee

Have a great weekend.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE