The jump is amazing given the uncertainties in the retail sector. Moreover, the key comparable same-store sales surged 38% in the quarter, which is simply astounding for a retailer.
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New York, NY (PRWEB) February 29, 2012
With the country’s jobs market looking better with a declining unemployment rate, George Leong, contributor to Profit Confidential, thinks this should help to drive consumer confidence and spending in the retail sector. In Leong’s recent article, How to Make Money with Retail Stocks Right Now, he states that even though he’s not a huge fan of the retail sector, he feels that the conditions have improved and will likely get better.
“The retailers are showing growth in spite of flat economic renewal,” says Leong. “Whether they are big-box stores, discounters, or luxury retailers, there really is no specific area of the retail sector.”
In his article, Leong takes a look at higher-end clothing retailer Michael Kors Holdings Limited. The stock surged over 20% after posting a 68% year-over-year jump in its fiscal third-quarter revenues to $373.6 million, versus $222.5 million in the year-earlier fiscal third quarter.
“The jump is amazing given the uncertainties in the retail sector,” says Leong, “Moreover, the key comparable same-store sales surged 38% in the quarter, which is simply astounding for a retailer.”
The key to investing in the retail sector, according to Leong, is to search for companies that offer some sort of niche or a product that is differentiated from its competitors. “I also like to look at retailers that may be currently in the dumps with investors, but that have strong brand awareness.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.
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