A Deep Post-Decline Analysis Part 2
Retail's become a vicious conundrum of late and the list of retailers with acceptable charts is a bizarre one indeed. CVS (CVS), which hasn't pulled back a whit since preannouncing but has based well since that event, Tiffany (TIF), a tremendous conundrum given its previous hideous quarter, Kroger (KR), no doubt benefitting from the perception that the Whole Foods (WFM) dominance may be overblown (something that Safeway (SWY) confirmed in its terrific quarter earlier last week), and TJX (TJX). The latter, a new Action Alerts PLUS stock, reports this week and if the charts is right we might have a winner.
There are some stocks that defy characterization by sector, but are too notable not point out. First, two hoteliers, Wyndham Worldwide (WYN) and Starwood (HOT) have pulled back to welcome levels. WYN had still one more terrific quarter and remains a huge dividend booster and a company with tons of buyback firepower, maybe the best in the book. I was glad to see Starwood bottom as it has one of the finest growth profiles that I know, yet has been hit with a couple of wrong-headed downgrades....487 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
