Zacks' Voice of the People highlights opportunities with The Merrill Lynch Retail HOLDRS ETF, Dillard's & Macy's - Press Rele..
06 March 2012 - 7:30PM
Zacks
For Immediate Release
Chicago, IL – 03/06/2012 – Zacks highlights commentary from
People and Picks Trader
“inthemoneystocks”.
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
Retail Strong But At Warning Level
Regardless of the market weakness today, retail is doing
well. The Merrill Lynch Retail HOLDRS
ETF ( RTH) is trading at $40.00, +0.04 (+0.10%). This
is one of the most extended sectors in the market but still showing
strength.
Stocks like Dillard's, Inc. ( DDS)
and Macy's, Inc. ( M) are higher today
and still trading at or near 52 week highs. Retail has done well as
economic news from the United States has been very strong.
Anticipation of strong retail spending has propelled these stocks
to multi year highs.
Based on current analysis, most of these plays are overbought.
Any hiccup in economic news could send these stocks south very
quickly. The key this week will be to watch the Non Farm Payrolls
on Friday. Should these numbers disappoint, watch for retail to get
weak quickly.
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DILLARDS INC-A (DDS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
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