Market Overview

Stocks To Buy Ahead Of Black Friday (JWN, TIF, COH, NKE, M)

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Stocks To Buy Ahead Of Black Friday JWN, TIF, COH, NKE, M

Retail names have been red hot over the last couple of months and there may be more gains left in this rally.

A number of popular names are hitting new 52-week highs on Wednesday ahead of Black Friday. Still others, such as Nordstrom (NYSE: JWN) and Macy's (NYSE: M) are trading just below new highs.

JWN is currently 2.21% higher at $43.84. The 52-week high in the shares is at $46.22. Macy's (M) has gained 1.65% to $25.87. The stock's 52-week high is at $26.14.

Tiffany (NYSE: TIF), Coach (NYSE: COH) and Nike (NYSE: NKE) are all hitting all-time highs. TIF is up 5.10% to $61.24. COH has surged 4.07% to $56.79 and NKE shares have gained 1.72% to $86.73.

If the current retail trends persist, all of these names should push even higher as we move into 2011.

Posted-In: Long Ideas Intraday Update Movers Trading Ideas

 

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