Why This Jobs Report Is More Important Than Usual
Friday's jobs report had both good and bad news. Real Money's Stephen Guilfoyle explains why he's keying in on the wage growth number.
Real Money Contributor Stephen Guilfoyle says Friday's jobs report was more important than usual for the markets, and playing this one is a bit tricky. He's keying in on the solid wage growth number, even as the headline payrolls number was weaker than expected.
Guilfoyle says he's closely watching how financials and technology shares trade on Friday, to decide whether to nibble a bit on those sectors.
Guilfoyle also says he bought some Kohl's (KSS) - Get Report stock after the big selloff on Thursday, but didn't bargain-hunt in Macy's (M) - Get Report stock.
