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Two Ways: Bed Bath & Beyond Outpaces Retail Competition


Strengthen your portfolio in good times and bad.

Bed Bath & Beyond the Competition

Profiled in Barron's this weekend, Bed Bath & Beyond (BBBY) is snapping up market share after a shakeup in the home-furnishings retail space. While a lot of competitors like Linens 'N Things have gone belly-up, Bed Bath is boosting its store base and earnings.

Shares have risen over 11% this year outpacing other opponents like Target (TGT), J.C. Penney (JCP), and even Wal-Mart (WMT), the world's largest retailer. But some think the stock is due for another 25% move citing a strong debt-free balance sheet as well as excellent productivity such as sales per square foot doubling the level of rivals.

From the Bull Pen: On the chart for Bed Bath, the recent rebounds after gapfill shows bullish action. One can start an initial position here with a sell stop near $31. Macy's (M) might also be an opportunity as this stock could be breaking its downtrend from May. A sell stop can be set below $11.50.

From the Bear Cave: Bears looking for a downside play might consider automotive retailer The Pep Boys (PBY), a possible bearish head & shoulders formation. But the risk is the overall equity markets could drag this stock up. One can set a buy stop above $10.20.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.70%, India 3.03%, Shanghai 2.42%, Nikkei (Closed), and Taiwan 1.28%.

Glancing towards Europe, we see the FTSE 1.66%, CAC 1.78%, DAX 1.61%

As of 8:15 AM EST, S&P Futures are trading +5.750 to 942.75 and Nasdaq futures are +7.500 to 1535.50.

A Look at Commodities

Over in commodities, crude oil is trading +1.03 to 64.59 while gold is +15.20 at 952.70 this morning. Silver is +0.257 to 13.66 and copper +4.75 to 246.50.

The dollar index is -0.4750 to 79.0300.

On the Radar


10:00 Leading Indicators 0.5% cons.

Click here for the full trading radar.

Welcome back! Good luck!
No positions in stocks mentioned.

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