Market Overview

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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