Here are Doug Kass' top thoughts on some of the biggest stories of the week.


Dillard's Report Positive, Nordstrom Not So Much

I have just returned to my office from Thursday afternoon's presentation.

I haven't had a chance to fully parse the Dillard's (DDS) report -- but it looked good. The shares were up smartly during the regular trading session -- adding +$6.20. Post market and earnings the shares have climbed another +$2.50, to over $59.00 -- for a total gain of +$8.65 on the day! I have held on to a very large and expanding position in DDS, having purchased stock nearly every day in the last week or two.

By contrast, Nordstrom's ( JWN) results were disappointing.

Macy's (M) , a new long name, traded well throughout the day. Here is a summary of my thesis.

As to the market, it staged the predictable rally -- but I am now adding to my SPDR S&P 500 ETF (SPY) short at $258.29 in the after hours.

Despite the move off the lows, my short book performed well Thursday -- led by Caterpillar (CAT) and Deere (DE) in the ag equipment space and rails Union Pacific (UNP) and CSX (CSX) (new short names). More on these four names early next week.

Action Alerts PLUS, which Cramer manages as a charitable trust, has no positions in any of the stocks mentioned.

Originally published Nov. 9 at 6:13 p.m. EST
 
Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings. This week he blogged on:
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Action Alerts PLUS , which Cramer manages as a charitable trust, has no positions in any of the stocks mentioned .

 

 

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