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Filed under: Consumer experience, Stocks to Sell

Pier 1 Imports (NYSE: PIR) hit the rock bottom price of 10 cents per share in early March as the market bottomed.

Now two months later, PIR trades around $2.00 per share. In early May, the stock gained more than 10% as it regained compliance with the New York Stock Exchange.

I can appreciate the enthusiasm for PIR and its turnaround play, but there is still a lot of risk here.

Continue reading Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR)

Filed under: Consumer experience, Stocks to Sell

While consumer confidence might have soared in April, the move seems to be in response to a two-month surge in stocks versus any real strength on the home front.

The jobs market is still poor with stagnant or declining wages. Corporations are still in lay-off mode and oil prices are marching ever higher. In other words, there are still hurdles to overcome before the "all clear" can be given.

I don't mean to rain on the parade of recovery, but let's not get too far ahead of ourselves.