Time To Go Shopping: A Look At Two Retailers

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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!
previous post: Bonds ($TLT
) Down ~4 percent Last Week, Where will the Money Flow?
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