|Day Low/High||0.01 / 0.01|
|52 Wk Low/High||0.01 / 0.85|
Pacific Sunwear of California (PSUN), better known as PacSun, is gaining in extended trading after fourth-quarter revenue came in higher than anticipated and net losses were narrower than forecast.
We used the volatility this week to book some gains in two model portfolio positions and we added shares to one other.
We added to two of our model portfolio positions during this week's rally and trimmed another during a post-earnings selloff.
As stocks added to gains again this week, a new name joined the model portfolio and we trimmed one position and added to another.
Belus Capital Advisors' Brian Sozzi and TheStreet's Nicole Urken face off on sexy teen retailer Abercrombie & Fitch.
As the market averages added to recent gains this week, we continued to monitor the universe of low-dollar stocks for trading opportunities.
This week was fairly quiet for the model portfolio but U.S. stocks continued to rebound and posted gains in all five sessions.
Amid this week's 'tale of two markets' action, we used selloffs to add to three of our model portfolio positions.
As the broader U.S. stock market averages added to recent losses, we used weakness to add to two of our model portfolio positions this week.
We put some cash to work this week by adding to one model portfolio holding. We also closed out one position for a nice gain, while another name was acquired by a competitor.
Investors in Pacific Sunwear of California, Inc. saw new options become available this week, for the September 20th expiration.
Retailers have been blaming everything and nothing for the recent spate of bad performance. In the end, however, it may be rather simple: For the first holiday ever, online shopping really appears to have hit a point of critical mass.Consider, for example, Pacific Sunwear CEO Gary Schoenfeld's comments in recent earnings guidance, when he said, "Business picked up in the final few days prior to Christmas and then finished the month strong as self-shoppers came back to the mall."The key to his comment was his mention of "final few days prior to Christmas," which coincidentally ties into the amount of time the window generally closes for all but costly overnight deliveries for online shoppers. Enter Costco: As great of a retailer as Costco is (and I do mean great), it has done woefully little online. Its barebones Web site is hardly a destination, certainly not for competitive shopper. And its online sales, while an enormous $3 billion, account for only about 2.5% of revenue.
As earnings season picked up steam this week, we used a rally to book profits in one model portfolio name.
During a topsy-turvy week of trading, we initiated a model portfolio position, added to one name and booked some gains in another.
After posting holiday sales results overnight, Pacific Sunwear is trading lower today, but we view this as a buying opportunity.
PacSun (PSUN) announced disappointing holiday sales, sending share prices teetering.
We used the action this week to book some profits in oen model portfolio name and we believe that trading volume will pick up again next week.
We did not make any trades during this holiday-shortened week, but one of our goals for 2014 is to introduce some new names to the model portfolio.
This week, we booked profits in one model portfolio position that had huge gains and sold most of a holding that received a takeover bid.
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