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USDCAD - Strength but not just yetWe have Monday as a new cycle so we could easily push into the middle of next week for the change in trend. At the moment, the Long is too obvious & with retail traders 75% Long, The price needs to drop to collect some more liquidity. Expect an extreme spike or a long candle that will scare most long positions. Last week saw Asset Managers start adding longs but Leveraged Funds adding a load of shorts. Take your time on the entry as it's the retail traders net Long that paint's a clear picture - who do the big boys sell to if all the little fish are already Long??? The Bias for this pair for institutional money is 85% CAD (AM) and 75% CAD for the (LF) Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2
JWN still worth buying ?Good morning or good evening depending on what time zone you're in when reading this. 🤠 Today on the 25th our biggest stock in the portfolio released their Q3 earnings report. As of now we are 74% up on average in this stock. For all of you who aren't aware of what JWN is; Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail and since this quarter more then 50% over their orders was done online ! CEO Erik Nordstrom opened with 3 areas of growth in the business. - Digital, increased from 33% to 54% of their total business ! - Nordstrom Rack, is now 1/3th of the total business. - 16 stores are still closed. This decreased overhead. I personally think this is great ! Every retailer should be focusing a shift to online sales. Not only that but jus think what will happen to the gross profit margin ! - Pick up in stores Increased by 156% over last quarter ! Why am I still bullish on this stock even though I already have 74% gains ? - Strong financial position, they still have 900m in cash. Plenty to survive this pandemic. They even reported 0.36$ earnings per share ! This beats analysts expectations by 0.35$ and shows that this company is a cash machine. 💲💰 - Digital sales now 1.6 Billion or 54% of total sales. - Nordstrom will start paying dividends at some time. It might not be this quarter or not the next but once everything is over for sure. - Family owned business and CEO, you just know they are working hard for their families name and heritage. - CHRISTMAS is coming !!! I think if the stock pulls back it is still interesting to add our position. If it goes up we still keep holding for probably at least a year or longer, maybe take some profit if it hits 30$. 💹 Here is a peak into my public portfolio. www.etoro.com If you like my content please hit the like button or you can copy me on Etoro. 🙏👊
NYSE:JWN
by Samboly
Nordstrom is close to its all time support (back from 1985). ^^^Nordstrom's been hit really hard - and rightfully so. It's a department store in the era of specialized stores. As a sector, department stores are commodity brands with minimal appeal. That said, out of all the department stores, there's really only one store that has made a brand for itself - Nordstrom. Of all the stores out there, I believe it has the least chance of going under. The Nordstrom family in the past has tried to repurchase the company and take it private. At the time, their bid was too low. Today, any bid is almost a steal. But.. look back at every major recession in our history. $JWN has hit this bottom support line. And what happens soon after that, a dramatic rise. The biggest difference between today and 2008, the last time JWN hit the support line is that in 2008, you could still physically go to the store + you had a need for dressing nicely. Today, most people are wearing lounge / comfort clothes, and even if they wanted to go out, most people can't or won't go indoors due to COVID-19. You can assume that JWN has a high chance of going bankrupt. You can also assume that if it doesn't (protect your downside), then based on history, it will climb. Those who have still have any discretionary money available to them will be looking to spend as soon as they can - whether its due to COVID-19 fatigue or a COVID-19 vaccine. The idea here is something similar to a strangle. - Put options around $7.50 that expire before May of 2021. COVID will likely lock people in until spring of 2021. This is going to be the riskiest time for JWN - especially since they will likely lose a lot of holiday revenue. - Call options around anywhere between $15-$30 that expire end of 2021. If JWN makes it past Spring of 2021, then they should be resilient enough to enjoy a return of customers (assuming there's not another massive event).
NYSE:JWNLong
by lets_daft
Dynex - where to next?Thanks for viewing, Wow, some interesting keywords in their business description; - LEVERAGED buyer of CMBS products (as you know, leverage works both ways. To juice gains or to ensure out-sized losses), - ADJUSTABLE-RATE mortgages (I suppose not so bad - unless interest rates increase which to be fair seems unlikely right now), - office buildings, retail, hospitality, and healthcare (all sectors hit super hard by the current health crisis. Healthcare because everyone is cancelling elective procedures - where all the money is made). Default rates of CMBS products above 10% in June 2020 www.cpexecutive.com but have reduced somewhat in the 2 months following. I'm sure that is good news - unless the reduction was due to "forbearance" - when banks just allow a break in payments of overdue accounts (no chance of a debt default if you don't call in your debts). Around half of the increase from ~2 to over 10% delinquency was from mortgages over 90 days overdue and at least part of the decline was due to banks deciding not to require payments (for some undetermined amount of time). Its like 2009 again - just replace CDO with CMBS and residential with commercial property. Asset backed securities are great - unless the value of the underlying asset declines significantly - which it has. I don't know where it will go, up down or sideways All I know is it is in a down-trend and the return in no way reflects the massive risk. It seems tailor made to get flattened by the current environment.. AVOID AVOID AVOID. Or buy, its up to you. Maybe the Fed will bail it out.
NYSE:DXShort
by flyinkiwi10
Shoprite Analysis I dont often miss the train but when i do, I regretfully sit and wait for the next one. Here we have shopright which i have been eyeing since beginning of July, my only reason for not catching this train was alarming results from my fundamental analysis which raised so many questions especially when compared with its competitors (except Woolworths). From R 100 a share, Shopright peaked to R 150 after amazing results where shared and a expected we can see the excitement dying down a bit. Looking at a daily chart however it does seem as though the share price is gearing up for a reversal as the recent rally has comfortably broken the hanging downtrend resistance that has been hanging since 2018. Taking a closer look, we have a support line at R 132 and the share price seems to be respecting the uptrend support as well. If this trajectory continues, we will test the R 150 resistance again. A negative outlook will see the share price test and possibly break the R132 support line as excitement dies down. Careful to note as-well that there was a gap created recently, and there is a chance as always that the gap would need to be closed. For now I’m holding out and will probably wait for the next train. Trade safe and good luck.
JSE:SHP
by AfroTez
AutoZone Attempts a Hammer Near Key LevelsAuto-part retailers have been one of the stronger parts of the brick-and-mortar universe during the pandemic. (People are owning cars longer than ever and performing more do-it-yourself work.) AZO showed that trend on Tuesday morning with a double-beat on earnings and revenue. It tried to open higher but lost a tug-of-war with bearish short-term momentum. Sellers drove the stock all the way down toward levels it last saw in mid-July. It’s also near its 200-day simple moving average (SMA). Today’s price action is also showing signs of a hammer candlestick. That could indicate a near-term bottom is in view. Combined with the other recent lows, traders may view this as the bottom of the range. AZO may need a little more time to consolidated after its recent sharp drop. But this could be an area where buyers step in, potentially looking for the next big push. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:AZO
by TradeStation
The most viewed retail stocks on TradingView Now that New York Fashion Week’s over, we decided to have a dig about in our data to see what interest retail stocks have been creating recently. Turns out – as lockdown measures have eased – TradingViewers have been looking to buy the dips in ecommerce, luxury, and retail more generally. We found that, perhaps unsurprisingly, Amazon was the most-enquired about retail stock in every US state between March and August. Meanwhile, Walmart, Alibaba, Shopify, Costco, Home Depot, Target and Lululemon were among the top five most popular retail stocks in nearly every state. Our data team also found that nine high-profile US retailers enjoyed an average increase of 70% more enquiries on TradingView over the past six months – with Kohl’s (106%), Target (103%) and Levi’s (100%) the biggest gainers. Bad news for runners though: enquiries about Nike stock only grew by 20% overall and actually fell by up to a quarter in some states like Ohio and Oregon. In the luxury retail sector, Farfetch, the British-Portugese online platform, was the best performer, showing a HUGE 492% increase in American searches on TradingView between March to August. That’s far more than any other retail brand, luxury or otherwise. Finally, interest in jewelry-maker Tiffany spiked in June following LVMH pulling out of its $16.2bn, takeover – touted as the biggest ever in the luxury sector – due to “tariff threats”. But the same cannot be said for LVMH itself, interest in which dropped by 56.1% across the six-month period.
Editors' picks
NASDAQ:AMZN
by TradingView
20
AZO may run up to earningsIn my opinion, AutoZone is overvalued and the company's balance sheet is problematic. (Current liabilities are greater than current assets, giving the stock a negative book value per share.) However, the book value is bad partly because management has opted to buy back shares rather than pay debts, which is good for share holders and for the stock price even if not for the financial health of the company. Also, the odds look good for Autozone to report strong results and to deliver strong guidance on its upcoming earnings date. In August, the price of used cars rose 5.4% on the CPI report, and parts were one of the fastest growing categories on the PPI report. We're headed into a recession economy, where people will buy used cars and fix them rather than buying new. That should be great for parts retailers like Autozone.
NYSE:AZOLong
by ChristopherCarrollSmith
1
$JCP $JCPNQ At a Precarious Make or Break PointThe Company recently filed for bankruptcy. Some calling it the next Hertz, but it might turn out to be the next Sears instead. Either way we're just looking at the technicals, and that usually tells the story on whether its a good flip or swing trade and usually it would be, for a few days. However this one has shown the gains go as fast as they come and precaution needs to be taken on jumping the trade, the timing has to be impeccable as the algos are quick to take it back down. Trade with caution.
JLong
by StockGuild