In Thursday’s Blitz Daily with Lance Ippolito, we take a look at top department store chain Nordstrom as the stock continues its post-earnings climb.
Several brick-and-mortar retailers took a hit earlier this week when Target lowered its second-quarter guidance less than a month after its May 18 earnings report…
But as we discussed in our most recent WealthPress Live Roundtable, you can’t judge the whole sector by one company’s performance…
Just look at the run Nordstrom has been on since beating analysts’ earnings expectations on May 24…
Shares added more than 6% to an already impressive 39% gain over three weeks!
Thursday saw bullish options traders line up for more long-term upside!
Of course, that’s not the only sharp-looking order flow hitting Thursday’s tape…
And be sure to join WealthPress Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and me, New Money Crew’s Lance Ippolito, each Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable, where they’ll tackle the biggest topics on Wall Street.
In this week’s roundtable, we covered:
More revenue downgrades for Target and Credit Suisse, a recurring theme that’s bad news for the economy — but Roger says not to throw the baby out with the bath water when it comes to retailer stocks!
The federal government is talking about regulating crypto — which goes against everything crypto was invented for — and Roger and I have strong opinions on this topic.
U.S.-listed Chinese stocks are a hot topic again. I gave three ways to play it including a big bull call spread in a particular stock I went over. Roger also shared a couple of ways to play China stocks — but both stressed caution.
Roger and I both shared our favorite opportunities in the market right now — and something to throw out of your portfolio.
And more!
Be sure and tune in every Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable!
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Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
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