Black Friday sales usher in strong demand for retail stocks: Oppenheimer's Alon Rosin (via TradingNation)
which is up a percent. So, we've seen a lot of outperformance and positioning positively ahead of this weekend."
Rosin doesn't see a coincidence in the intersection of interest in retail stocks and the Black Friday start of the holiday season. "If you have conversations with consumers at work, at home — everybody has been waiting for Thanksgiving to make their deals: Cyber Monday, this weekend," he said.Rosin, who has been bullish on the overall market, sees Best Buy as one of the market's most promising retail names.
Shares of the electronics giant have surged more than 52% this year. In its best month, the stock is up more than 10%.," said Rosin. "There's a lot of positivity around how they're attracting new consumers on their one-day delivery. But Rosin, who does not hold a position in Best Buy, Amazon or the XRT, recommends shorting the stock right now due to the strong bounce.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asia stocks set to trade higher following Wall Street recordsInvestors will watch for market reaction to U.S. President Donald Trump's signing into law a bill backing protesters in Hong Kong, according to a White House statement.
Lire la suite »
Solid data, trade hopes lift Wall Street to recordsWall Street's main indexes closed at record levels for a third straight day in a muted volume session ahead of the Thanksgiving holiday and Black Friday
Lire la suite »
Wall Street Just Hit New Record Highs. Here’s Why.Wall Street just hit new record highs—here’s why: by skleb1234
Lire la suite »
That Time Donald Trump Left Halfway Through a Performance of 'The Wall'In 2010, the future president attended a Roger Waters performance of Pink Floyd’s masterpiece but didn’t stick around long enough to see the wall fall. Could he have learned something i…
Lire la suite »
12 Off-the-Wall Thanksgiving MoviesFrom dysfunctional dinners to killer birds, these films will make for some interesting post-feast viewing — or clear the room in a hurry
Lire la suite »