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Two Ways: Guess? Who Gets a Boost?

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Strengthen your portfolio in good times and bad.

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Jefferies Upgrades Guess?

Guess? (GES) received an upgrade from Jefferies this morning ahead of its second quarter earnings release. According to Briefing.com 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.

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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