Posts Tagged ‘Family Dollar Stores’

Green Shoots at Family Dollar

Green Shoots at Family Dollar (FDO)

TraderMark at Fund My Mutual Fund

No slowdown in dollar stores as Americans on Main Street are wrecked by the Great Recession. Family Dollar (FDO) just reported a very nice set of numbers – obviously the Street was under the impression the recession is over judging from the stock the past 2 months. Actually broke down below the 200 day moving average as of the last week.



Family Dollar Stores chart

Despite Wall Street’s protestations (and Dennis Kneale’s), Americans remain stuck in the Walmart section of retail, not Target [Dec 26 2007: Target Shoppers Turning into Walmart Shoppers] Remember, since I’ve started this blog not 2 years ago the % of Americans on food stamps has jumped from 1 in 11, to 1 in 9. [Jun 8, 2009: 1 in 9 Americans on Food Stamps] This appears to be helping Family Dollar which unlike most "dollar stores" has food items as well.

The gross margin expansion is mighty impressive – especially for a retailer; the same store sales growth in this retail environment is simply a damning indictment of how bad off more and more Americans are becoming. I continue to conclude "The Street" does not get what is going on out there in everyday America.

Via CBSMarketwatch

  • Discount retailer Family Dollar Stores Inc. said Wednesday that its fiscal third-quarter profit rose a better-than-expected 36%, aided by budget-conscious consumers seeking bargains on food and other consumables and improved home goods and apparel discretionary sales.
  • Net income rose to $87.7 million, or 62 cents a share, from $64.7 million, or 46 cents, a year earlier. Analysts, on average, estimated the company would earn 59 cents a share, according to FactSet.
  • Sales in the quarter ended May 30 rose 8.3% to $1.84 billion, the 6,600-store chain said. Comparable-store sales climbed 6.2%, helped by increased customer traffic and the higher amount customers spent per transaction.


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Zero Hedge

EURO UNDeRTaKeR...

Courtesy of ZeroHedge. View original post here.

On Thursday [23 June], voters in Britain basically also voted Angela Merkel out of office. Before she becomes the EU's gravedigger for good, she should follow David Cameron's example.--Die Welt

...

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Market News

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Financial Markets and Economy

U.S. Stock Futures Retreat After S&P 500 Erased 2016 Gain Friday (Bloomberg)

The selling continued in American stocks after investors suffered the worst day since August on Friday following the U.K. referendum.

Global Economy Week Ahead: Summits in Europe, Manufacturing Data (Wall Street Journal)

The British vote to leave the European Union is likely to dominate summits of European heads of government and global ce...



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Phil's Favorites

Why Did the UK Enter the EU in the First Place?

Courtesy of Mish.

Looking back, one really has to wonder why the UK subjected itself to all the inane EU nannycrat rules and regulations in the first place.

I can explain. Many readers sent me this explanation, but I also used it before on my blog long ago.

Please consider this clip from the British TV show “Yes Minister”.

The clip it is amazingly funny. Play it.

Email Comments

From Pater Tenebrarum at the Acting Man blog.

I recently wrote this to my totally Europhile European email group, which has hedge fund managers, economists, journalists, insurance and pension fund asset managers, and...



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ValueWalk

Warren Buffett & Bill Gates Discuss Success, Mistakes and Work/Life

By Jacob Wolinsky. Originally published at ValueWalk.

In this discussion, students from the University of Nebraska got to ask Bill Gates and Warren Buffett questions of their choosing. The questions vary widely and can be found below. Warren Buffett and Bill Gates are two of the richest people in the world and their answers and advice are invaluable to anyone looking for success.

Date: September 2005
Location: University of Nebraska

Audio is out of sync in parts.

Video Segments:

0:00 Start
0:01 Intro
3:14 Start of speech
...



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Chart School

Best Stock Market Indicator Update

Courtesy of Doug Short's Advisor Perspectives.

We continue to receive requests for updates to the "Best Stock Market Indicator", which used to be a regular guest post from John Carlucci. Here is an update of the "Carlucci" indicator along with a summary of John's explanation on how he uses it.

As John described it: "The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the "sweet spot" time period in the market when you have the best chance of making money."

Latest Indicator Position

According to this system, the market ...



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Kimble Charting Solutions

2007 pattern being repeated right now? Another "Push Away???"

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The NYSE index kissed the underside of dual resistance at (1) back in 2008. Once resistance held, a big push away from it took place and sellers stepped forward.

NYSE creating a similar pattern again at (2)???

This would NOT be a good place for the Risk On trade if the broad market starts “pushing away” from dual resistance at (2).

Full Disclosure- ...



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Mapping The Market

Thoughts on Brexit

I have mixed feelings about Brexit today. Clearly the European institution need reforming. The addition of so many countries in the last 20 years has created a top heavy administration. The Euro adds more complexities to the equation as the ECB policies cannot fit every country's problem. On the other hand, a unified Europe has advantages as well – some countries have benefited from the integration.

For Britain, it's hard to say what the final price will be. My guess is that Scotland might now vote for independence as they supported staying in Europe overwhelmingly. Northern Ireland might be tempted to leave as well so possibly RIP UK in the long run. I was talking to some French people and they were saying that now there might be no incentive for France to stop immigrants from crossing over to the UK like they do now and simply allow for travel there and let the UK deal with them. The end game is not clear to anyone at the moment....



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Digital Currencies

Bitcoin Tumbles 10%

Courtesy of ZeroHedge. View original post here.

One week ago, when bitcoin first crossed above $700 on the seemingly insatiable Chinese buying which we forecast last September (when bitcoin was trading at $230) would take place as a result of China's capital controls (to much pushback by the "mainstream" financial media), we tried to predict what may happen next. We said that "it could go much higher. That said, anyone who bought last September when the digital currency was trading at $230 may be advised to take some profits, and at least make...



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OpTrader

Swing trading portfolio - week of June 20th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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