For FullyInformed Members here are my morning investing strategy notes for Wednesday Nov 11 2015. The comments and investing strategy notes as well as trade ideas look at both the US markets and the Toronto Stock Exchange.
Morning weakness again today came on the back of Macys (M) full-year sales cut and profit forecasts. This came after a drop in quarterly same-store sales which seemed to point to customers cutting back on spending.
As well Macys complained that the strong dollar has kept tourist revenue lower than expected. With Macys stock (M) down more than 13% in the morning today, the “fear factor” on retail is spreading to other retailers……the rest of this article is for Members.
Retailer Woes – Morning Investing Strategy Notes and Trade Ideas – Nov 11 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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