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
ANF has a 15.27% growth rate, above industry average, but its Forward P/E of about 10 is below the Industry Average PE. In fact, the Current P/E is almost half of ANF's historical 5-yr average. The stock was sold off recently because CFO resigned to switch companies, but given ANF's company record and their growth potential they will either appoint or attract a high-performing CFO.
"If (investors) insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful" -- Warren Buffett, 2004 Berkshire Hathaway Annual Letter
Over the past several months, retail has been among the areas hardest hit during the market's downturn. Clothing, electronics, furniture and department stores have all taken their licks.
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob’s Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
I write about all of the different things I want to accomplish here on this website and one of the important parts of analyses like these are to find out if they are truly working in the ‘real world’. In other words, what’s the use of writing something up if I don’t take the times
Santa Claus may be hard at work as the holidays approach, but he will find many Americans struggling with a troubled economy. A CNN Poll On Holiday Shopping is an indication of what many of us suspect: This will be the worst Christmas shopping season on record. Let's take a look.
What's going well for small businesses? Not much, according to The National Federation of Independent Business' monthly Small Business Optimism Index, which fell 5.4 points in October and landed at the third-lowest reading in the his
American Eagle Outfitters (NYSE: AEO), whose competitors at the mall include Abercrombie & Fitch (NYSE: ANF) and Gap (NYSE: GPS), is part of a sector I'm not much of a fan of currently: retail. Just saying the word aloud makes it sound repulsive these days. Don't get me wrong, retail will come back (someday). For now, though, it's difficult to look at the numbers associated with the industry, especially the same-store sales.
Looking at American Eagle, I can see that its third quarter
UPGRADES:UBS upgrades Black & Decker (NYSE: BDK) from Neutral to Buy.UBS upgrades Lennar (NYSE: LEN) from Neutral to Buy. Price target $8.Goldman Sachs upgrades Public Storage (NYSE: PSA) from Neutral to Buy.Cowen & Co upgrades Abercrombie & Fitch (NYSE: ANF) from Underperform to Neutral. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Morgan Stanley downgrades Mechel (NYSE: MTL) from Equalweight to Underweight.Goldman Sachs downgrades SL Green Realty (NYSE: SLG) from Buy to Neutral.Merrill Lynch downgrades Campbell Soup (NYSE: CPB) from Buy to Neutral.Fo...
The Dow was up nearly 500 points on Friday. Everything's fine, right? Not on your life. It's going to be a lousy Christmas for mall retailers such as Gap (NYSE: GPS) and Abercrombie & Fitch (NYSE: ANF), and it might be especially lousy for AnnTaylor (NYSE: ANN). What a pathetic story this one is.
AnnTaylor reported earnings for the third quarter yesterday, and it's stock closed down more than 9% on better-than-average volume. Here's why: the bottom line broke even on an adjusted basis
Looking for the bottom?....Keep looking.
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SELL THIS RALLY
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The Dow was up nearly 500 points on Friday. Everything's fine, right? Not on your life. It's going to be a lousy Christmas for mall retailers such as 
