Mall Anchors Macy's, Kohl's, Nordstrom Rated Buy
Kohl's (KSS) ($51.23): Has a buy rating and traded up to its 2012 high at $55.25 Nov. 1. Earnings were a beat of four cents at 91cents a share. This was priced in as shares slumped to a post earnings low of $50.88 on Tuesday. My quarterly value level is $48.16 with a monthly pivot at $50.58 and a semiannual risky level at $54.42. The weekly chart profile is negative with the stock between its 200-week SMA at $50.29 and its five-week MMA at $52.05.
Macy's (M) ($38.90): Has a buy rating and traded up to $41.98 on Nov. 7 in reaction to a 7 cents a share beat at 36 cents a share. Shares then declined to $38.30 on Tuesday. My monthly value level is $28.27 with a weekly pivot at $38.98 and quarterly risky level at $40.61. The weekly chart ended last week negative with the five-week MMA at $39.14.
Other Earnings Reactions
Limited Brands (LTD) ($46.60): Traded up to $48.20 during Wednesday's session testing my monthly risky level at $48.09 where investors could have reduced holdings. The stock traded down to $46.20 in after-hours trading after reporting a one-cent a share earnings beat at 26 cents a share. My semiannual value level is $40.46 with a weekly pivot at $46.81. The weekly chart profile is negative with the five-week MMA at $48.02 and the 200-week SMA at $30.50.
Williams-Sonoma (WSM) ($45.11): Traded up to $46.45 Wednesday morning then traded down to $44.70 in after-hours trading despite a 4-cent a share beat of 49 cents a share. The stock could open below its 50-day SMA at $45.03 this morning targeting my quarterly pivot at $44.38. The weekly chart profile is overbought with the five-week MMA at $45.05 and the 200-week SMA at $29.51. A close this week below $45.05 is a technical downgrade to neutral, and the profile could be negative in another week given declining momentum.
PETsMART (PETM) ($64.85): Traded up to $66.78 Wednesday then down to $64.85 at the close pre-earnings. Following a double-beat on EPS and revenue the stock popped to $68.75 in after-hours. Earnings beat estimates by 12 cents a share at 75 cents a share. My semiannual value level is $62.19 with a weekly pivot at $66.62 and quarterly risky level at $72.43. If this pop holds, the weekly chart shifts to neutral from negative given a close on Friday above the five-week MMA at $67.12.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.