GameStop, Gap, Fresh Market, and Foot Locker are likely to open in the green today, but Aeropostale's expanding losses will keep pulling it down All major indices, including the S&P 500, Dow Jones Industrial Average, and the Nasdaq 100, closed in the green yesterday after fresh economic data indicated at what seems to be an improvement in the US economy. Weekly jobless claims data showed that initial claims for unemployment benefit rose 326,000 during last week, missing analysts’ estimates; however, the total number of people continuously receiving the benefit had reached its lowest level since December 2007. The US PMI rose to a three-month high of 56.2 in the month of May, while existing home sales recorded 1.3% growth to 4.65 million in April – the first increase recorded in the metric this year. The growth, however, fell shy of analysts’ mean estimate of 4.69 million. In addition to watching out for new home sales data, which is due to be released today, we recommend you keep an eye on the following stocks during today’s trading session.
It's generally better to wait for a pullback to buy a stock after a stock has been in the news and the news was good. The stock will typically open at least somewhat higher than it was the previous day - so if you didn't already own it or own call options on it, you miss the "pop". Wait for the volume to thin out on the profit taking / shorting that will occur in response to the new higher price it opens at. It may take more than one day for this to happen, but hopefully you can get in at a lower price than it was when it opened at the new inflated price on the good news.
another stock to watch would be twitter. They're doing alright. also surprisingly Best Buy stocks are doing great.
I bought stock in footlocker. There is no real particular reason that I went for the stock, but I feel it's a brand that resonates with me. They have a good track record and I trust the people managing and doing business. I usually do a lot of research into the companies that I'm going to invest in. Footlocker to me seems to be quite solid and stable and that's something I'm looking for. I like to invest in companies that seem to have a bright future and can enemy some decent profits in the long run
I am not known to take risks with my money. I tend to stick to the evil I know because I am afraid to lose money. I am not sure about investing in the above markets; I might try Aeropostale and Foot Locker though.
Excellent, GameStop is one of the few purchases I had made as a long term purchase years ago. I picked it up at about $12 per share.
Gamestop is interesting because it is so at risk from new technology. More and more developers are finding ways to go directly to their customers, and then you have more nimble online retailers like Steam.
