Hurricane Sandy Destroys - These 22 Stocks Benefit Most From The Monster Storm Of The Millenium
The hurricane Sandy is forecasted as one of the worst storms ever. Whatever will happen, the stock market will survive and business goes on. I researched some interesting companies that could earn some extra money due to the after-effects of the storm Sandy. We have classified our results in industries and introduced some of the major leaders. + http://stks.co/hE5Z +
The 20 Biggest Dividend Stocks Within The Service Sector
Costco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc. (NASDAQ:DLTR) are holding up the retail sector both of these stocks are trading higher by over 1%. Intra-day resistance on COST is around $85.00 and $85.50; DLTR is around the $100.75 and $101.28 levels. Some other retail stocks trading higher include Wal-Mart Stores Inc. (NYSE:WMT), The TJX Companies Inc. (NYSE:TJX), and Zumiez Inc. (NASDAQ:ZUMZ).
High gasoline prices will usually hurt most leading retail stocks eventually. Gasoline prices just reached a new three year high on March 23, 2012. High gasoline prices are considered a direct tax on the U.S. consumer. Most investors know that consumer spending accounts for roughly 70.0 percent of the gross domestic product in the United States.
The retail sector has been extremely strong since late December 2011. The Market Vectors Retail ETF (NYSEARCA:RTH) has surged higher by more than $4.00 since that time. This morning, the RTH is declining lower by just 0.08 cents to $41.23 a share. Short term traders should watch for intra-day support around the $41.00, and $40.50 levels.
This morning, the retail sector is showing some strength. The popular Market Vectors Retail ETF (NYSEARCA:RTH) is trading higher by 0.06 cents to $39.50 a share. Traders can watch for intra-day resistance around the $39.58, and $39.70 levels. The daily chart remains strong and in an uptrend at this time. When the retail stocks hold up and trade higher this is a sign of consumer spending.
Most of the leading retail stocks are coming under early selling pressure. The Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by $1.31 to $116.25 a share. This tells us that the majority of leading retail stocks are declining at the start of the day. Traders can watch for intra-day support around the $115.50, and $114.25 levels.
(COST, MJGCF, TFM, DXPE) Stock Report from CRWEPicks.Com
Many traders and investors follow the retail sector very closely as a gauge of economic activity. This morning, the retail stocks are very mixed, some leading retail stocks are trading higher and some others are trading lower. The popular Retail Holders Trust (NYSE:RTH) is trading lower by 0.06 cents to $113.16 a share. Traders can watch for intra-day support around the $112.20, and $111.75 areas.