The Closing Print live trading and financial blog during market hours.

More Than 20 Retail Companies Report Earnings This Week

This week is very active for retail stocks, with more than 20 companies reporting end of  quarter earnings. Tiffany, Best Buy, DSW Shoes and BJ’s Wholesale start tomorrow before the opening bell. LULU, ULTA and Big Lots finish off the week.


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We’ll be listening in to earnings calls and reviewing CEO comments, eager to hear how retail companies fair in the current better than expected economic environment. GDP was recently revised upward from 4.1% to 4.6%.

Retail Cycle

The retail cycle is near extremes.

This week will have a big impact on continuation or rejection at these higher levels. To top it off, many stocks like FIVE and LULU are trading at 52 week highs. WMT and TGT have room to run. These are only few of our favorites.


XRT Cycle


LULU is trading higher (+1.58%) in the pre-market session and will most likely run a bit higher into earnings. If we do see a follow through in LULU today, it will have to wow analysts, as the stock will be trading to perfection going into earnings.

Note relative strength vs. the S&P 500 (upper panel) as retail stocks, and LULU in particular outperform the major index. Money flow and the MACD cross suggest institutions have been net buyers since April.




Watch UAA, NKE, and SKX this week.

Watch List for the Week

New stocks on the watch list this week were filtered through IBD MarketSmith. All of these candidates have rising RS lines with funds adding to their portfolios. Retail stocks from previous weeks are still on the “Previous Candidates” list. Tighten your stops as we near or exceed 52 week highs.

LULU has shown no tendency into earnings. Prior to earnins announcements in the past, the stock rose and in some cases it faded. We will exit prior to earnings on any strength.

Futures are higher this morning on prospects of a NAFTA Mexico U.S announcement.

Join us at 9:20 AM for more as we broadcast via LIVESTREAM during market hours.

Happy Trading,


IBD Special

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