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: Retailers Make it Rain in April

By

Strengthen your portfolio in good times and bad.

PrintPRINT
April Retail Showers

Most of the nation's retailers reported same-store sales for April yesterday. Tax rebates, holiday sales and warm weather all helped boost retail transactions to their largest monthly gain since last summer. According to the Wall Street Journal, discounters like Wal-Mart (WMT) and drugstore chains paved the way. The luxury sector continued to suffer.

Noteworthy are sales figures at lower-end department stores like J.C. Penney (JCP), which reported a 1.5% drop at stores open for at least a year. Compared with March's 15% plunge, it's a significant improvement that could be signaling consumers' new willingness to spend beyond discount chains.

See Professor Jeff Macke's take in Should You Buy Retail (Stocks)?

From the Bull Pen: Professor Macke mentioned Amazon (AMZN). It doesn't release same- store sales, but it's on the buy list simply because it's the best merchant operating. Passive investors can set an initial position here - and add on weakness toward $75. Sell stops can be set below that level.

From the Bear Cave: Bears can look to CVS Caremark (CVS). The spike top and downside follow-through is giving bears confidence as a short play. Those willing to test the downside can set a tight buy stop near $32.50.

Quick Check Around the World

Asian trading closed with the Hang Seng 1.00%, India -1.98%, Nikkei 0.50%, Shanghai 1.09% and Taiwan 0.17%.

Glancing towards Europe, we see the CAC 2.57%, DAX 2.89%, FTSE 1.75%

As of 8:10 AM EST, S&P Futures are trading +12 to 919.00, and Nasdaq futures are +11 to 1406.00.

A Look at Commodities

Over in commodities, crude oil is trading +1.27 to 57.98 while gold is +1.20 at 916.70 this morning. Silver is -0.150 to 13.87 and copper +0.95 to 217.50.

The dollar index is -0.3700 to 83.7350.

On the Radar

Economics

08:30 Average Workweek 33.2
08:30 Hourly Earnings 0.2%
08:30 Nonfarm Payrolls -620K
08:30 Unemployment Rate 8.9%
10:00 Wholesale Inventories -1.0%

Happy Friday! Good luck and have a great weekend!
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