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Two Ways To Play: A November Costco Would Rather Not Remember

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Strengthen your portfolio in good times and bad.

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Costco Sales Slip

It's the first Thursday of the month and US retailers will be reporting monthly same-store sales figures throughout the day. This is the primary metric investors use to get a sense of growth in the retail sector. Already out with its numbers is Costco (COST).

The wholesale retailer said November same-store sales fell 5%, while total sales fell 3% from $5.72 billion to $5.55 billion from a year earlier. That's a 2% decline in the US and 15% drop internationally.

Stay tuned for more comments on the retail sector by Professor Jeff Macke.

From the Bull Pen: Notice Costco breaking its downtrend, which began in September. Even with this morning's pullback, a new uptrend remains intact. Sell stops can be set near the $47-$46 area.

From the Bear Cave: Bears looking for a play can consider Aeropostale (ARO). Supply is building with a 20% move in 2 days. One option is to initiate a downside position as it rallies to its 20 DMA ($16). Buy stops can be set above that level.


Quick Check Around the World

Asian trading closed with the Hang Seng -0.58%, Nikkei -1.00%, Sensex 5.51%, Taiwan -1.21% and Shanghai 1.84%.

Glancing towards Europe, we see the CAC 0.98%, DAX 2.62%, FTSE 0.49%

As of 8:20 a.m. EST, S&P futures are trading -13 to 855, and Nasdaq futures are -13 to 1142.


A Look At Commodities

Crude oil is trading -1.06 to 45.80. Gold is -6.80 to 762.00. Silver is -0.089 to 9.475 and copper is unchanged at 53.35.

The dollar index is +0.268 to 87.313.


On the Radar

Economics

08:30 Initial Jobless Claims
08:30 Continuing Claims
10:00 Factory Orders

Click here for the full trading radar.

Good luck, Minyans. Hope to see many of you at Festivus!

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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.

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