Rooting Through Retail
Just last week, I expressed some concerns with retailers Vera Bradley (VRA) and Express (EXPR), which were former longs. Both stocks have continued a fall from last week with VRA getting hit hard on a downgrade this morning, causing it to reach the initial $22.50 target. We are seeing a little life from EXPR after hitting $13.70, but these are still two names I am avoiding.
I bring them up because they are good examples of how the retail space has been kind to the short since the beginning of the year, so when searching for new potential short plays this is one of the first sectors I hit....552 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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