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Dr. Kris
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Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
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  • Intraday Market Notes -- August 17 0 comments
    Aug 17, 2012 1:39 PM | about stocks: GPS, KORS, TJX, CHS, ANN, FRAN, FL, GRPN, FB, ANGI

    1:30 pm ET: After a healthy rise yesterday, the major averages are taking a well-deserved day off. The VWAPS are sluggish reflecting the light trading volume. The only activity worth noting is the precipitous fall in the VIX which is now at a four year low! However, don't assume that this is a bearish sign because the VIX is not only capable of going a lot lower (10 has been a source of major support) but it can also stay low for quite some time.

    Today's Winners: Investors buying into retail
    Retailers are getting a lift today from Ann Taylor's (NYSE:ANN) stellar earnings report. Not only are shares of ANN breaking to a new high but so are its fellow retailers: Gap (NYSE:GPS), TJ Max (NYSE:TJX), Chico's (NYSE:CHS), Francesca's (NASDAQ:FRAN), Michael Kors (NYSE:KORS), Foot Locker (NYSE:FL).

    Today's Losers: Internet stocks turning into Inter-Nots
    Several recent e-business IPOs have done an about face on their shareholders. Making brand new lows today (and all looking like they have a lot more room to fall) are Facebook (NASDAQ:FB), Angie's List (NASDAQ:ANGI), Groupon (NASDAQ:GRPN). It should be noted that Groupon was added as a short to our Stock of the Day list back on April 2nd. Then, the stock was trading at $15.28; today it's at $4.57. Had you shorted the stock back in early April, you'd be up 70% on your investment--a much better return than any Groupon coupon!

    Stocks: GPS, KORS, TJX, CHS, ANN, FRAN, FL, GRPN, FB, ANGI
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