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  • Retail Stocks Getting Scary 0 comments
    Mar 8, 2012 12:47 PM | about stocks: M, DDS

    Retail remains extremely hot. As many retail stocks continue to make new 52 week highs, many investors wonder if it will ever stop. The answer is yes, and it may be sooner than later. Tomorrow, the Non Farm Payrolls Report will be released. This will show the world how many jobs were created in the last month. It is estimated that 200,000 were added. Should this number fall short, retail may suddenly get very weak.


    If the jobs picture starts to cloud up and the Unemployment Rate stops falling, the public may not have as much disposable income as expected. In addition, should gas prices continue to rise, many Americans will start pulling back on their spending habits. As expenses rise, the first thing to go is retail merchandise such as the TV's and clothes.

    In this Chief Market Strategists humble opinion, stocks like Macy's, Inc. (NYSE:M) and Dillard's, Inc. (NYSE:DDS), along with others, are near a sharp pullback. These stocks are over extended in the short term.

    Gareth Soloway

    Stocks: M, DDS
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