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


Strengthen your portfolio in good times and bad.


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


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.

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