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SocialPicks Community
WHY YOU SHOULD SHORT THE RETAILERS
JWN
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-73.55%
in
393 days
<> I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter. <> Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the cr...
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Bearish on JWN ...
JWN
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+33.39%
in
147 days
(closed on 03/07/09)
Almost all retailers will suffer in the coming money crunch. With buyers not spending as much due to having less credit, used up their credit, even a lot of good stores will drop because cash flow trumps the quality of the business
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Bullish on JWN ...
JWN
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+9.66%
in
448 days
Nordstrom, Inc., a fashion specialty retailer, provides designer and luxury apparel, shoes, cosmetics, and accessories for women, men, and children. It offers a selection of brand name and private label merchandise. The company provides its products through various channels, including full-line �Nordstrom' stores, discount �Nordstrom Rack' stores, �Jeffrey' boutiques, and catalogs, as well as on the Internet at nordstrom.com. Nordstrom, Inc., through its subsidiary, Nordstrom fsb, also offers a Nordstrom private label card, two co-branded Nordstrom VISA credit cards, and a debit card ...
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From the Blogosphere
Retail sales: Signs of life, but not yet a rising tide
Filed under: Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Gap Inc (GPS), Nordstrom, Inc (JWN)  There's a chill in the air and a slight up-tick in confidence. Holiday discounts are coming a bit earlier, too. For retailers, this has been a great combination, leading to the second consecutive month in which retail sales increased.
<>This follows more than a year of drops. Consumers aren't going crazy, but they are loosening their wallets a little bit. Consumer spending accounts for 70% of the U.S. economy, and the coming holiday season is where the action is -- for the retail secto...
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Zacks Bull and Bear of the Day Highlights: Acorda Therapeutics, Canon, Big Lots, Wal-Mart and Nordstrom – Press Releases
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For Immediate Release Chicago, IL – November 6, 2009 – Zacks Equity Research highlights Acorda Therapeutics (ACOR) as the Bull of the Day and Canon (CAJ) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Big Lots (BIG), Wal-Mart (WMT) and Nordstrom (JWN). Full analysis of all these stocks is available at http://at.zacks.com/?id=5506 Here is a synopsis of all five stocks: Bull of the Day: <>Acorda Therapeutics (ACOR) is one of the more interesting biotechnology companies under our coverage. The company's key pipeline drug, Fampridine-SR, is currently under U.S. FDA re...
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Stock Market News for November 6, 2009 – Market News
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A drop in the number of newly laid-off workers and upbeat remarks from bellwether Cisco Systems injected confidence about an economic recovery ahead of this morning’s highly expected October jobs report, propelling the Dow average to its first close above 10,000 in two weeks. Cisco Systems’ (NASDAQ:CSCO) CEO John Chambers said he now sees a global economic recovery, fueling a rebound in the company’s sales this quarter. The Dow average jumped 203 points, or 2%, while the tech-heavy NASDAQ, riding high on Cisco’s forecast, bolted up 50 points or about 2.4%. <>All ten S&P 500 indust...
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Employment Report – First Read – Analyst Blog
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The U.S. economy lost 190,000 jobs in October, higher than the 175,000 expected. Unemployment rate went up to 10.2%, the highest since 1983. This continued labor market weakness even in the face of an otherwise growing economy (the economy grew 3.5% in the third quarter) remains a major headwind at this stage of the economic cycle.
On the positive side, the number of jobs lost in October was the lowest since August 2008. Also, the previously reported August and September 2009 job loss numbers were revised upwards – a total of 91,000 fewer jobs were lost than originally reported.
The dec...
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Initial Jobless Claims Down – Analyst Blog
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Initial claims for unemployment insurance fell by 20,000 this week to 512,000. Last week's numbers were revised slightly higher, so arguably the drop was 18,000, but that's still a nice improvement.
The four-week moving average dropped by 3,000 to 523,750. Since new claims can be volatile from week to week, the four-week moving average is generally considered a better gauge of where we are. The graph below (from http://www.calculatedriskblog.com/) shows the history of that average. We are now 135,000 below the peak set back in April. This is a key piece of evidence that the recession is over...
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Sell the retailers
- Ok, here is a dumb question. Who think the retailers will have improved numbers? Not me. I am selling them all.
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SELL THIS RALLY
- Sell this rally if you know what is good for you. The reasons are simple and relatively straight forward. Firstly, nothing has changed if anything th...
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About Nordstrom Inc
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