Afternoon Note
Some will win, some will lose
Some were born to sing the blues
Oh, the movie never ends
It goes on and on and on and on
Don’t Stop Believin’
Journey
While all the major sectors are lower, there is actually a sense of calm to today’s session. Market breadth is even across all metrics, but there are a few more 52 week losers than winners on the NYSE. This kind of bifurcation underscores the fact there are always winners and losers, which makes talk of what the market is doing moot unless you only own index funds (and probably underperforming).
There is a part of this consolidation process that will be very helpful to identifying the winners from losers and those in between (some might call those the real value opportunities).
We see this in retail today with Lowes (LOW) and Target (TGT) crushing it and other Amazon-killers (maybe not killers but can hold their own for a variety of reasons) trading higher including:
Some will lose
But the retail losers remind us investing is about finding the best names and being part owner of those names.
Retail Losers |
Today |
2019 |
3 Year |
LB |
-6% |
-37% |
-78% |
EXPR |
-6% |
-32% |
-75% |
JWN |
-3% |
-26% |
-40% |
ANF |
-5% |
-20% |
+5% |
PLCE |
-4% |
-20% |
-31% |
TLRD |
-3% |
-63% |
-73% |
GPS |
-3% |
-36% |
-36% |
GES |
-2% |
-16% |
+10% |
ASNA |
-7% |
-86% |
-95% |
AEO |
-3% |
-24% |
-20% |
Believing gets easier when you pay attention do the work.
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 |
3/15/2024 1:38 PM | Realtors Settle |
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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