The Money Now Moves
Sometimes it wont go down because it shouldn't go down. Yesterday I felt outgunned and undermanned with my rap about how you can probably get ready to buy Union Pacific (UNP) off of the Norfolk Southern (NSC) call and you should look for retailers to buy off of Bed, Bath and Beyond's (BBBY) disappointment, and, as I said last night on "Mad Money," I would probably want to initiate a position in BBBY this morning.
Sure enough, you did have to move on retail, although the rails stayed heavy. What I didn't see immediately was, once again, the J.C. Penney (JCP) trade was back on, meaning that the Ross Stores (ROST) names, which were perceived to be hurt by a resurgent JCP, are back in play. Plus, the dollar stores started moving back into the green too....234 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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