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Two Ways: Guess? Who Gets a Boost?


Strengthen your portfolio in good times and bad.

Jefferies Upgrades Guess?

Guess? (GES) received an upgrade from Jefferies this morning ahead of its second quarter earnings release. According to the full service investment bank said the Los Angeles-based retailer would see better results due to expense controls, a balanced revenue profile, inventory discipline, as well as improved US mall traffic. Jefferies said GES is likely to earn $0.45 a share, up from its previous estimate of $0.44 a share (which was inline with consensus expectations), and raised the price target from $33 a share to $37 a share. Guess? reports earnings Wednesday, the 26th after the market close.

From the Bull Pen: GES reports later this week so be aware of this binomial event. But know that the stock trading at its highest price since last October is a bullish sign. One can consider starting an initial position here, and wait for the markets reaction to the earnings release to add to the position. Remember to set your sell stop to how much you're willing to risk.

From the Bear Cave: For a downside consumer-related play, look to Allegiant Air Travel (ALGT). In the short term, one can set a tight buy stop above its 200 DMA (currently at 41.40).

Quick Check Around the World

Asian trading closed with the Nikkei 3.35%, India 2.55%, Hang Seng 1.67%, Shanghai 1.10%, and Taiwan 2.76%.

Across the pond, we see the FTSE 0.69%, CAC 0.52%, DAX 0.66%

As of 8:05 AM EST, S&P Futures are trading +2.75 to 1028.00 and Nasdaq futures are +2.00 to 1637.00.

A Look at Commodities

Over in commodities, crude oil is trading +0.27 to 74.16 while gold is +3.00 at 957.70 this morning. Silver is +0.266 to 14.43 and copper +1.650 to 289.70.

The dollar index is +0.0150 to 78.1150.

No economic events scheduled today but click here for the full trading radar.

Happy Monday, Minyans! Good luck and have a great day!
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No positions in stocks mentioned.

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