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Saturday, October 15, 2005

Too Much Negativity in Retail Stocks

I think the negativity in retail is overdone. Below are some bullish signs that retail stocks are about to take off.
  • Gamestop (GME) is starting to move their higher priced XBOX 360 bundles
  • BestBuy (BBY) announced on Friday that they would add 27,000 jobs for the holidays
  • Sears Holdings (SHLD) announced it will buy back $500 million worth of stock
  • Chairman of American Eagle Outfitters (AEOS) bought $21 million worth of stock on the open market

"Because everyone is expecting a weak Christmas, the market is in for a surprise because I don't think American consumers are going to cut back on spending," said Ted Parrish, a principal at Henssler Asset Management (Source: Reuters)

3 Comments:

Blogger Salbert said...

Starbucks always sees strong same-store sales, especially because of the pumpkin spice latte in the winter. It's my favorite Starbucks item. Check out my blog at coffeeandstockblog.blogspot.com soon.

10/16/2005 1:46 PM  
Blogger Roberto Iza Valdes said...

This comment has been removed by a blog administrator.

11/04/2005 3:32 PM  
Blogger Roberto Iza said...

This comment has been removed by the author.

9/14/2007 2:37 PM  

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