Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37473
Truman
Participant

Several retailers fell in the pre-market after less-than-ideal quarterly earnings; however, a lot of the early weakness has been reversed.

Costco (COST 468.07, +2.58, +0.6%) has already seen positive trending price action on par with Dick’s Sporting Goods (DKS 83.37, -1.22, -1.4%) and NVIDIA (NVDA 184.76, -6.39, -3.6%) earlier this week.

Market participants will want to keep an eye on American Eagle Outfitters (AEO 13.40, -0.64, -4.5%), Gap (GSP 10.71, -0.41, -3.6%), and Big Lots (BIG 26.86, -3.79, -12.37%) to see if they can also stage a comeback this session.