Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways to Play: Holiday Price Wars Begin


Strengthen your portfolio in good times and bad.

The holiday pricing wars have officially begun.

Late Thursday, Walmart (WMT) announced it would cut the online price of 10 highly anticipated DVD releases to $10. Just hours later, Amazon (AMZN) and Target (TGT) answered by lowering the price of online pre-order DVDs to $9.99.

The move follows Walmart's $10 book promotion on new titles that were announced last month. Walmart also said it plans on more aggressive price cuts as the company is determined to be the online low-price leader.

Pricing wars will be cutthroat this holiday season as retailers know the cash-strapped consumer will be looking for the best bargain.

From the Bull Pen: Amazon stock has been in runaway mode since the company reported earnings two weeks ago. A check of the daily chart shows that a trade over $125 would be a breakout. Those bullish could initiate a long position here with a stop loss at $115.

From the Bear Cave: Those bearish on the market here might want to consider Alaska Air Group (ALK). Its one-year chart shows a double-top formation. Those bearish would short it here with a buy-stop at $30.

A Quick Check Around the World:

Asian trading closed with the Nikkei 0.74%, India 0.59%, Hang Seng 1.63%, Shanghai 0.28%, and Taiwan 0.61%.

Across the pond, we see the FTSE 0.23%, CAC -0.03%, DAX 0.05%, Swiss Market 0.12%, ATX -0.36%, and Stockholm -0.19%.

Over in commodities, crude oil is trading +0.10 to 79.70 while gold is trading +5.10 to 1094.40 this morning.

A quick check of the EUR/USD +.0003 to 1.4877 and the USD/JPY -.03 to 90.68.
A Look at the Radar:


08:30 Nonfarm Payrolls -166k cons.
08:30 Unemployment Rate 9.9% cons.
08:30 Average Workweek 33.1 cons.
08:30 Hourly Earnings 0.1% cons.
10:00 Wholesale Inventories -1.0% cons.
02:00 Consumer Credit -10.0B





08:00 Tim Geithner
03:00 Elizabeth Duke

Have a great day!

< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos