By Bryan Bottarelli It’s sure been an adventure for retailers this earnings cycle…
In past Trade of the Day issues, we’ve discussed the dramatic earnings moves we’ve been seeing from names like Target (up big), Walmart (up big and then reversed lower), Home Depot (down big) and even Canada Goose (down big).
Noting these oversized moves, we decided to continue playing this trend since it’s been delivering profitable trades. And yesterday, this meant recommending members move into a new position on Dick’s Sporting Goods (NYSE: DKS).
Truth be told, given what we’ve seen lately, I thought Dick’s would move lower in reaction to earnings. Boy, was …read more
