A Deep Post-Decline Analysis Part 3
We've got a bunch of stocks that I would describe as "on the precipice" that could go either way. You could argue that I am being wishy-washy even labeling stocks this way, but recall that the Fed Chief does speak Tuesday and these stocks would be ripe to knock over if the testimony leaves you cold.
First up is Bank of America (BAC). The stock of BofA does not look like the regionals. It is a sink or swim moment for the bank and if Bernanke delivers I would buy some. There are a ton of retail companies that report this week, so keep in mind that the following are all at levels that could precipitate a big win or a big loss, notably Bed Bath & Beyond (BBBY), which has given you several weak reports of late, Nordstroms (JWN), which, like Toll Brothers, I felt was poorly reported on as it says it will emphasize growth in Nordstrom's lower-priced outlets, which I thought just represented good business sense. Ross Stores (ROST) and Urban Outfitters (URBN) seem hanging on by a thread, yet Ross reported a pretty darned good quarter and Urban reported a stupendous one even as some analysts detected a weakness in the Anthropologie line....538 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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