Looking ahead to Thursday's jobless claims report, Grasso said the number will be in the vicinityof 400,000, which he said is a huge mental hurdle for the markets.
In an economic showing signs of stagflation, consumers will be looking for stores that offer the best prices. In a survey of more than 100 products at
stores, Mark Montagna, a retail analyst with Avondale Partners, said Dollar General was able to maintain price parity with Wal-Mart.
He said he has a market outperform rating on Dollar General, which he is forecasting EPS growth of 14% to 20% over the next three years. He said Dollar General has soundly beaten Wal-Mart in comparable store sales.
In the final trades, Kelly said he was picking up some more
SPDR Gold Trust
. Seymour liked
. Adami liked
(NTAP - Get Report)
. Finerman liked
Kinder Morgan Energy Partners
. And Grasso advised scaling back on
(AKS - Get Report)
--Written by David Tong in San Francisco.
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