Wall Street Strategies
Hello! Sign in or Register

Afternoon Note

Retailers to the Rescue

By Charles Payne, CEO & Principal Analyst
4/6/2017 1:05 PM
Take a Free Trial
Try Charles' premium stock selection services free for 14 days. Check it out in real time! You will get actionable advice, trading ideas and email alerts.

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


Same Store

United States










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.

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

Add Your Comment

Submitted comments are subject to moderation before posting.

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.