Charles Payne's Market Commentary

Afternoon Note

The Power of Retail

By Charles Payne, CEO & Principal Analyst
11/26/2019 1:46 PM

The market continues to meander higher, powered by the American consumer. Retailers continue to post great financial results and offer guidance in the face of pending additional tariffs. Only Dollar Tree (DLTR) is getting punished after hinting tariffs would have a much deeper financial impact. This tariff situation has been a great litmus test to find the nimblest retailers. Those that have been able to build a moat around their customers, and insulate them from tariffs, are benefiting mightily.

S&P 500 Index	+0.17%
Communication Services (XLC)	+0.15%
Consumer Discretionary (XLY)	+0.57%
Consumer Staples (XLP)	+0.68%
Energy (XLE)		-0.55%
Financials (XLF)		-0.53%
Health Care (XLV)	+0.03%
Industrials (XLI)	+0.35%
Materials (XLB)	+0.47%
Real Estate (XLRE)	+0.98%
Technology (XLK)	+0.16%
Utilities (XLU)	+0.22%

New home sales also rocked this morning, delivering the best back to back months in more than a dozen years.

New Home Sales

At midday the major indices are all in the green, albeit slight.

NYSE

Advancers: 1,677
Decliners: 1,256
New Highs: 119
New Lows: 19
Up Volume: 837.9 million
Down Volume: 818.6 million

NASDAQ

Advancers: 1,712
Decliners: 1,356
New Highs: 166
New Lows: 55
Up Volume: 580.9 million
Down Volume: 467.2 million

Comments

The consumer that would have depended on Dollar Tree, and the likes of other store in this category, would begging to move away, and up, as the economy strengthened and they have more disposable earnings...

Andrew B Newallo on 11/26/2019 6:02:22 PM

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