This morning the U.S. Census Bureau announced that April retail sales declined 0.4% vs. expectations of 0.0%; retail sales (ex-auto) declined 0.5% vs. expectations of +0.2%. March retail sales were revised lower. Consumers are saving more, reducing debt and trading down to cheaper substitutes. These trends are going to be with us long after the economy has stabilized and begins to grow again. Big names (Walmart and Costco) and small discount/dollar stores(Big Lots, Family Dollar, 99 Cents, etc) will continue to benefit from consumers becoming more frugal and saving more. Buying in dip look for industries that are oversold and stocks that are in long-term uptrend but are in dip or oversold. Oversold is determined using Stochastics. Click here for latest quotes.
| Symbol |
Company |
Exch. |
Industry |
TI |
MS |
UG |
DG |
IT |
| WMT |
Wal-Mart Stores, Inc. |
NYSE |
Discount, Variety Stores |
|
|
|
|
|
| COST |
Costco Wholesale Corp. |
NASD |
Discount, Variety Stores |
|
|
0 |
1 |
0 |
| NDN |
99 Cents Only Stores |
NYSE |
Discount, Variety Stores |
|
|
|
|
|
| FDO |
Family Dollar Stores, Inc. |
NYSE |
Discount, Variety Stores |
|
|
|
|
|
| BIG |
Big Lots, Inc. |
NYSE |
Discount, Variety Stores |
|
|
1 |
0 |
0 |
| FRED |
Freds, Inc. |
NASD |
Discount, Variety Stores |
|
|
|
|
|
| TUES |
Tuesday Morning Corp. |
NASD |
Discount, Variety Stores |
|
|
|
|
|
| TGT |
Target Corp. |
NYSE |
Discount, Variety Stores |
|
|
1 |
0 |
0 |
| DLTR |
Dollar Tree, Inc. |
NASD |
Discount, Variety Stores |
|
|
|
|
|
| BJ |
BJs Wholesale Club Inc. |
NYSE |
Discount, Variety Stores |
|
|
|
|
|
| PSMT |
PriceSmart, Inc. |
NASD |
Discount, Variety Stores |
|
|
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UG,DG & IT are number of upgrades, downgrades or initiated recommendations from institutions for the past 60 days. Buying in dip picks is published weekly