Video: Rating the Retailers
On average, sales were down 2.9% year-over-year, according to Thomson Reuters. However, that's better than the 3.8% decline analysts expected.
Which retailers are on Macke's watch list?
What's he buying?
What's he selling?
Tune in to get Macke's take, as always, unmuzzled.
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I'm loving the new video series, very informative. I'm curious where you stand right now on AMZN (you labeled them the best retailer around awhile back) and last I remember you were long Amazon. I got in with you at 77, and have rode half my initial position from 94 all the way back down to here. Alot of the your fellow MV professors claim the stock is breaking down. Would love any insight you may have.
Thanks!
Nice video series (direct and much better than cable television) and the retail tips make sense - perhaps the good ole Dollar Tree, eBays, Amazons and uBids might be competing for the lowest cost (and like-new) items for the cost-concious buyer, and a short RTH for a hedge.
And, once again Thank you vurrry much...(your Elvis reference) for the flag image adjustment - even Elvis would be proud, he was a great patriot too.
Now, if we can get your dome to provide a bit more transparany (another friendly reference) we will all be able to see much more of ole glory!
Cheers and have agreat holiday!
Brother, I *am* America. The American Dream from dome to toes.
As for the RTH, remember that's a cap-weighted ETF. Meaning it's mostly WMT, HD and TGT. Because of that, I don't think it's great vehicle, long or short. My thought is to hedge retail longs with the RTH plus long positions to offset the monster caps in the RTH (meaning: get long WMT HD and TGT) or just pick your retail shorts.
Regarding AMZN, I'm scared that you would take my "advice" on names, Jason. I'm trying to explain on how this thing fits together and help people make better calls as a result. The Stock Picking for Strangers game is pure show biz. It's not possible to actually tell people what to buy or sell as you don't actually know their situation. The guys picking stocks are the heirs of Jimmy the Greek; most likely fun for cocktails but not actually giving real investment advice.
Anyway, you seem to have already understood how I go about things as evidenced by the fact that you took profits on the gain. For what it's worth (meaning: not advice), I've got a token long in Amazon. A token long is when you keep a few shares worth about 1% of your portfolio on the sheets. Why? Because otherwise you may be missing what's happening in the stock but you don't want to get yourself crushed.
Bottom Line: I own under 10k worth of Amazon and, being generally skeptical of the tape, if not outright bearish, I'm more than content about that.
What it's worth, of course...
you can bank on that, because they are dirty.
