Williams-Sonoma Inc (WSM)
Williams-Sonoma sells products for the home through its five retail store concepts (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma Home), and directly to customers through its seven direct-mail catalogs (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, West Elm and(click to enlarge) Williams-Sonoma Home) and six e-commerce websites.
With a five year dividend average of 2.90% this coming is ready to break out. It has steadily moved up and pushed against a strong point of resistance at about 39.00. As the lows continue to get higher, the stock has formed a very well defined Ascending Triangle. These are highly accurate bullish break out chart patterns.
If we have good earnings report on May 22nd, this stock has the potential to move 6 to 7 points upward. If we do have a breakout above 39 on increasing volume, look at putting together a Bull Call Spread for limited risk but upside income, or a straight options play. Look at August 40 calls to start.
WD-40 Company (WDFC)
The WD-40 Company is, of course, widely known for the famous lubricating product that shares its name; however, the company also manufactures and distributes a small variety of other related products including lubricants, household chemicals & cleaners, and hand cleanser.
This is stock has already broken through a bullish chart pattern and is poised to continue its move up. WD-40 Company has a solid balance sheet and strong cash flow, which has allowed it to pay a dividend that yields 2.7%. Better than expected second quarter results on April 5. Earnings per share came in at 65 cents, beating estimate by 11 cents. This stock is going to continue to move up.
Presently trading at 46.95, there is no reason this cannot move another 7 points into bullish territory!