In the latest installment of his "Stock Talks" series, Bill Patalon discusses why Sears has failed in detail – and how to profit from Sears' "spiritual successor" right now…
Sears Hldgs Corp
The Dow Jones Industrial Average is rising ahead of trading this morning, but all eyes will be on Fed Chair Janet Yellen as she speaks at the Fed's annual Jackson Hole summit today…
Dow futures are up 39 points this morning, and we don't expect the Fed will slow stocks down today.
On Wednesday, I covered what makes these markets look safer than they really are.
They're being led ever higher by behemoth leadership stocks while the VIX plumbs ever-lower lows. Investors are doing very little hedging. Some of the brick-and-mortar retail companies we've targeted are getting an extension put on their death sentence as they're being lifted with the rising tide.
But that doesn't mean that these companies are suddenly better. And it doesn't mean that the positions you are already in that are preparing for their demise are now worthless.
Far from it.
The "good news" of recent retail earnings isn't actually good news – it's a distraction from the overall trend of retail's demise. But that doesn't mean these companies can't make you money. Here's what's happening to the entire retail sector… and how you can profit.
Our latest list of stocks to watch now includes an unlikely alliance, an outstanding earnings beat streak, and a new entrant into the professional sports world.
The Sears closing spree has reach 200 stores with its third store closing announcement so far this year.
And this deal to sell its exclusive Kenmore home appliances isn't likely to reverse the store closing trend.
Billionaire Mark Cuban just warned about the devastating effects artificial intelligence will have on U.S. jobs.
But there's much more to know about automation's takeover than that.
The Dow Jones news today will focus on the busiest week of earnings this quarter and the next FOMC meeting starting on Tuesday.
Alphabet Inc. (Nasdaq: GOOGL) will cap off today's second-quarter earnings report. Google's parent company will release its quarterly report after the bell.
Sears stock has surged over 43% in the last month, making investors think it's a buy.
But we recommend investors stay as far away from Sears stock as possible.
Analysts estimate over 6,600 more stores will be closed throughout the rest of the year.