Time To Go Shopping: A Look At Two Retailers
The trade yesterday was choppy at best, with the S&P 500 ($SPY) having a $1 range and finishing on its lows.
The large-cap Consumer Staples ($XLP) names have been some of the biggest losers this month. Procter & Gamble ($PG), PepsiCo ($PEP), and Colgate Palmolive ($CL), all have negative short term trends, one, four, and five respectively.
But not all big box retailers/staples providers are negative. Cvs Corp. ($CVS) and Kroger Company ($KR) are each coming in this week with our highest bullish rating, Tradespoon Score of 10. With low implied Volatility, there is not a big expectation for violent moves in these stocks.
Look to possibly buy on any weakness, potentially adding them to a bullish portfolio. Have a great trading day!
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