chains are rushing to cut prices
| | | | | | | | | PROSPERITY PUB MARKET TALK
Finally Some De-flation For Once…
After years of relentless price hikes, it seems like corporations might have finally realized they stretched consumers too thin.
With inflation squeezing budgets for nearly three years, many shoppers are now prioritizing essentials over discretionary items like clothing and electronics.
Target (TGT)’s recent weak earnings report underscores this shift. The retailer announced significant price cuts on thousands of household staples such as milk, peanut butter, and diapers in an effort to win back budget-conscious shoppers.
Meanwhile, Walmart, which has consistently focused on value, reported strong earnings.
Walmart's "rollbacks" and new low-cost grocery brand have attracted more shoppers, including higher-income households feeling the pinch of rising food prices — with possibly even some of those former Target shoppers joining their ranks.
This trend isn't just limited to retailers. Even fast-food giant McDonald's is rolling out a limited-time $5 value meal, acknowledging that consumers are balking at the rising cost of dining out.
The big question remains: will these price cuts lead to a meaningful decrease in inflation, or are they just token gestures to lure customers back in the short term?
Only time will tell if this newfound "de-flation" will provide real relief for consumers or if it's just a temporary strategy in a fiercely competitive market.
Target Stock
Meanwhile, our friend Jeffry Turnmire tells us that if TGT can stay above the current support level of between 133 and 140, the chart setup for the retailer now looks bullish, with a target (no pun intended!) as high as 230.
If those newly discounted items can start luring shoppers back, Target might just have blue skies ahead.
— The Prosperity Pub Team
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| “I’ve never seen a market anomaly as reliable as this one.”
A while back, on an anonymous message board someone posted a message… A message that would change everything!
They claimed that there’s a short window of time when options on one particular ticker are almost always ‘mispriced.’
And while most people wouldn’t even know what to do with that information…
One maverick trader as turned it into a 79 - 0 win streak! | | | | |
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| SCOTT WELSH’S TICKER TALES
MS Close to a Breakout
We’ve talked about the recent rise in bank and financial stocks, and that move has continued.
Several banking stocks have climbed near a breakout point and the banking group in general is now one of the top 35 hottest in the world.
And, like its cohort, MS is now nearing a breakout after a very long consolidation period.
Here’s the chart:
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MS is nearing a high it hasn’t seen since early 2023.
A break above $100.99 could lead to a sizable explosion.
Especially if we get hints at a future rate reduction.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. | | | | |
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PROSPERITY PUB MARKET TALK
Finally Some De-flation For Once…
After years of relentless price hikes, it seems like corporations might have finally realized they stretched consumers too thin.
With inflation squeezing budgets for nearly three years, many shoppers are now prioritizing essentials over discretionary items like clothing and electronics.
Target (TGT)’s recent weak earnings report underscores this shift. The retailer announced significant price cuts on thousands of household staples such as milk, peanut butter, and diapers in an effort to win back budget-conscious shoppers.
Meanwhile, Walmart, which has consistently focused on value, reported strong earnings.
Walmart's "rollbacks" and new low-cost grocery brand have attracted more shoppers, including higher-income households feeling the pinch of rising food prices — with possibly even some of those former Target shoppers joining their ranks.
This trend isn't just limited to retailers. Even fast-food giant McDonald's is rolling out a limited-time $5 value meal, acknowledging that consumers are balking at the rising cost of dining out.
The big question remains: will these price cuts lead to a meaningful decrease in inflation, or are they just token gestures to lure customers back in the short term?
Only time will tell if this newfound "de-flation" will provide real relief for consumers or if it's just a temporary strategy in a fiercely competitive market.
Target Stock
Meanwhile, our friend Jeffry Turnmire tells us that if TGT can stay above the current support level of between 133 and 140, the chart setup for the retailer now looks bullish, with a target (no pun intended!) as high as 230.
If those newly discounted items can start luring shoppers back, Target might just have blue skies ahead.
— The Prosperity Pub Team
“I’ve never seen a market anomaly as reliable as this one.”
A while back, on an anonymous message board someone posted a message… A message that would change everything!
They claimed that there’s a short window of time when options on one particular ticker are almost always ‘mispriced.’
And while most people wouldn’t even know what to do with that information… One maverick trader as turned it into a 79 - 0 win streak! SCOTT WELSH’S TICKER TALES
MS Close to a Breakout
We’ve talked about the recent rise in bank and financial stocks, and that move has continued.
Several banking stocks have climbed near a breakout point and the banking group in general is now one of the top 35 hottest in the world.
And, like its cohort, MS is now nearing a breakout after a very long consolidation period.
Here’s the chart:
MS is nearing a high it hasn’t seen since early 2023.
A break above $100.99 could lead to a sizable explosion.
Especially if we get hints at a future rate reduction.
We’ll keep an eye on it. Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. |
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