Black Friday
American consumers will begin to show their true colors when they make an appearance at their favorite mall or retail outlet this Black Friday - the official kick-off to the holiday shopping season.
The Friday after
Thanksgiving marks the day when many retailers can count on high store
traffic as consumers hit shopping malls and web sites around the
country. The big question this year is whether or not the American
consumer will show up on Black Friday.
Investors of all stripes should be cognizant of what the consumer is
doing right now, and soon the data will reveal exactly how financially
healthy American's really are. I believe we'll see a stronger consumer
emerge this Friday, and while I think they'll be looking for value, I
also expect they'll be looking to loosen the purse strings a little
bit.
A quick run-down of the retail
industry revealed some great buys. First, Kohls (NYSE: KSS) looks great
after breaking out past $54 resistance. It should keep running to $60
before any kind of substantial pull back. This is a great long above
$54.50.
Next, Aeropostale Inc (NYSE: ARO) could be a great long if it can get
back above $27. Taking a look at the chart you can see how $27 was
support throughout the year until a large breakdown in August. Shares
have yet to retake that level and have only downside ahead if shares
can't break out.
Finally, is an old favorite of TradeMaster
Daily Stock Alerts Abercrombie Fitch (NYSE: ANF) which I have been bullish on since
July. Back in July we were playing the bounce of $30 with a $40 target.
But after shares quickly hit the target I was looking for $45 after a
pull back. That target was hit and now the target is new highs at $55. I
think we see that this year.
Although I advise for
TradeMaster Daily Stock Alerts, Ian Wyatt, editor
of Small Cap
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help you stretch your expendable income this holiday. That thoughtful
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