If you’re a trader who plays retail you’ve got a big week ahead.
A slew of the biggest names in the space report quarterly results all week.
Just take a look at some of the reports that are coming!
JC Penney May 15
Limited Brands May 16
Gap May 17
Ross Stores May 17
Sears May 17
How should you trade it?
Trader Stephen Weiss tells us JC Penney is a short. “Although I can’t tell you what the quarter will be, I can tell you the turnaround doesn't seem to be working. I think the new pricing strategy is a flawed strategy.”
Trader Joe Terranova says of all the names in the space, he finds Gap most interesting. “If it sells off after earnings, I’m a buyer of a pullback,” he says.
Trader Mike Murphy thinks there’s a play to be had in Abercrombie. “It’s pulled back a lot, I think there’s a pop coming for a play,” he says.