Filed under: Bad news, Industry, Target Corp. (TGT), Kohl’s Corp (KSS), Options, Technical Analysis

Kohl’s Corp. (NYSE: KSS) this morning posted a 10.2% increase in same-store sales for November, beating analyst estimates of 6.7%. Even though the numbers sound good this month, KSS warned that some of this increase was due to a calendar shift and that December’s comps could suffer on the flip side of this shift. Most retail companies are having a tough time this morning, including Target (NYSE: TGT), which announced it may not be able to meet its fourth-quarter earnings projections if business doesn’t significantly improve, as sales have fallen off after a strong Thanksgiving weekend. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on KSS.

After hitting a one-year high of $79.55 in April, the stock hit a one-year low of $46.99 in November. This morning, KSS opened at $51.50. So far today the stock has hit a low of $49.00 and a high of $51.50. As of 11:05, KSS is trading at $49.65, down $1.06 (-2.1%). The chart for KSS looks bearish but improving, while S&P gives the stock a positive 4 STARS (out of 5) buy rating.

Continue reading Kohl’s (KSS) predicts trouble for December

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This entry was posted on Thursday, December 6th, 2007 at 11:47 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.