NYSE:HD - NYSE:WMT - NYSE:TGT - NASDAQ:URBN - NYSE:JWN - NYSE:TJX - 24/7 Market News

Here comes Santa Claus

2018-09-05T10:14:18+00:00 Sep. 5, 2018 10:11AM EST|

Summer officially ends on the 22nd of September, but, with the kids back in school, Labor Day weekend is, in many ways, our last hurrah of the summer.  In the upcoming weeks, millions of Americans will begin to blow out our sprinkler systems and winterize our boats.

The day after Labor Day weekend also marks the return of many retail investors to the stock market and, even though most of us are just beginning to process our Labor Day memories, it’s looking like it may be time to eye positioning for the Santa Claus rally. 

With that in mind, over the next few weeks, we are going highlight several of our Santa Claus rally favorites.  For the most part, our 2018 Santa Claus favorites are not the result of Jedi research, but rather common sense selections based on recent quarterly results, consumer surveys, and other data.  

One of the main reasons that we’re looking at the Santa Claus rally so early in the investment seasonal cycle is the fact that Target’s (NYSE:TGT) same-store sales jumped 6.5% in the second quarter, while Walmart’s (NYSE:WMT) second quarter same-store sales grew by 4.5%.

We’re also looking for others, like Nordstrom (NYSE:JWN), TJX (NYSE:TJX), and Urban Outfitters (NASDAQ:URBN), which also had nice second quarters, to join Walmart and Target. 

While all of the aforementioned companies closed out 2017 higher than they were priced on last year’s Labor Day, Home Depot (NYSE:HD) has done that the last nine years in a row and it’s profiting from an active 2018 summer hail season, so it could run its streak to ten years.  Additionally, it should benefit from the back to basics lifestyle trend, in which many guys prefer a mindful tool set over the latest useless tech gadget.

After some tough years, retailers can finally enjoy some tailwinds in the form of increased U.S. consumer spending, which is being fueled by low unemployment and tax cuts and reduced competition, with retailers like Sports Authority and Toys R Us shutting down and others, like Sears, closing stores.

If these tailwinds continue, you may not want to wait until Black Friday to catch this year’s Santa Claus rally.

Connect with 24/7 Market News on social media

https://twitter.com/247MarketNewsHQ

https://www.facebook.com/247MarketNewsHQ/

About 24/7 Market News

As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information.  24/7 MN provides comprehensive corporate communications resources and tools to engage the investment community.

DISCLAIMER:

24/7 Market News (24/7MN) is a third party publisher and news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7MN's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.

The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable. 24/7MN makes no representations as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice.   24/7MN and/or its affiliates are not responsible for any gains or losses that result from the opinions expressed and are not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.

For further information on 24/7 Market News, please go to www.247marketnews.com 

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will," or "should," "expected," "anticipates," "draft," "eventually," or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and 24/7MN undertakes no obligation to update such statements

CONTACT:

24/7 Market News

Editor@247marketnews.com

Send this to a friend

Hi, this may be interesting you: Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production! This is the link: https://www.247marketnews.com/kraig-biocraft-laboratories-new-rd-facility-extends-its-competitive-advantages-and-prepares-for-large-scale-production/