Afternoon Note
The market is meandering but holding on to its gains, a sign of a moral victory after yesterday’s dramatic reversal that wiped out 200 Dow points in a matter of minutes. In fact, the last hour of this session could go either way, and for now, the closing bias is to the downside.
Don’t Bury Me
The most compelling action is in consumer discretionary as brick and mortar stores are having a grand session. Leading the pack is Costco (COST), which is in a league by itself, posting market sales metrics that bode very well for quarter results.
March Performance |
Revenue |
Same Store |
United States |
+7% |
+6% |
Canada |
+3% |
+3% |
International |
+4% |
+6% |
The top performing names in consumer discretionary have had many difficult issues lately, but are bouncing back nicely today.
I like action, and industrial names are wondering if President Trump’s NY Times interview, where he talks about using debt to fund infrastructure, is having impact.
Comments |
Charles, Dire Staits had a famous line about that L-Brands on one of their songs.......... Mike on 4/6/2017 1:22:39 PM |
Tweet |
3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
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3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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