Despite the weak market environment, many stocks previously mentioned are trading sharply higher.
FC Stone looks to be working out of a base after consolidating early summer gains. The current environment is likely driving trading volume higher and I expect strong numbers when they report.
Lululemon is pushing towards new highs today on what will likely be record volume. The company raised their third quarter sales outlook for same store sales. The aggressive push into the US market is apparently going well.
Bolt Technology is continuing its run with another 3% plus move. Volume will likely come in above average which is key as the stock approaches previous highs.
After nearly doubling in just 5 weeks, comScore has pulled back for four days. It will be interesting to see if today’s strength marks the end of the consolidation.
NutriSystem has made another 52 week low today. I have covered most of my short exposure and am fighting buyers remorse as I really did have a good trade. Its tough to get out at the exact right time.
Valueclick had been repairing much of the damage to its chart, but the company updated preliminary results for Q3 this morning and the stock is taking a 10% hit.
Stay nimble out there. Options expiration week has a way of making everyone uncomfortable at some point.
update 10/16
October 16th, 2007 at 1:40 pm
Whole Foods Markets -wfmi has interesting-appealing 800+ basis point dip or $4.50 pullback to 49.10. if 2008 turns out to be a good year, earnings/eps might bounce towards $2, the same as CHIPOTLE ‘07 earnings/eps around $2. Today’s WFMI $49s/$50s low end is far cheaper then CMG “discovered” $120s/$110s. WFMI expands square footage more then 30% in 2007 and number of locations from 200-ish to 300-ish with 9/2007 Wild Oats aquisition expands geographic point of presense and brand mindshare more then 50%.
October 16th, 2007 at 1:41 pm
SCOR was solid steel in the low $20s. good one.
October 18th, 2007 at 12:06 pm
ZACK, any comments on these 2 niche retailers, both dominate their categories: WHOLE FOODS MARKETS-wfmi 47.50 down 1,200 basis points DICKS SPORTING GOODS-dks 61.00+ down 2,000 basis points.
October 18th, 2007 at 11:52 pm
ZACH, in the same space, the less in favor retailers, with less category dominance, Cheesecake Factory-cake also way down. chances of these 3 stoxxs bouncing 20%?