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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (16594)	8/22/2013 6:21:33 PM
From: Smiling Bob	Respond to of 19256

Holding puts on all three of these What are the odds? A VERY sh-tty week I'm in one quarter too early on the inevitable housing and gadget slowdown Best Buy, Game Stop Winners In A Mixed Week For Retail By ALAN R. ELLIOTT, INVESTOR'S BUSINESS DAILY Posted 06:01 PM ET Email Print License Comment inShare In an otherwise tame week on the market, quarterly reports from retailers have driven many of the best and worst performances. What does that mean from an industry group perspective? Eight of the 18 retail groups tracked by IBD gained ground over the past five sessions. Retail-Consumer Electronics is at the top of that list, up 4.7%. Home furnishings and building retailers were next in line, up 2% and 1.5% respectively. The consumer electronics group held steady in its No. 1 ranking, hoisted by Best Buy (BBY) and Game Stop (GME). Best Buy popped 16% through Thursday as the company's cost-cutting efforts led to above-expectation second-quarter results. It also sent shares to their highest level since February 2011, up 212% from the December low. Game Stop pared some gains Thursday but remained ahead 9% so far for the week. Earnings outpaced consensus views and management raised Q3 and full-year guidance. Shares are up 91% since clearing a cup base in March. La-Z-Boy (LZB) surged nearly 7% through Thursday, Restoration Hardware (RH) climbed 4%, helping lift home furnishings retailers two notches to a No. 22 ranking. Among the sector's casualties, Staples (SPLS) slipped 16% for the week through Thursday, dragging office supply retailers to the worst loss among retail groups. The group also downshifted to No. 116 in the rankings, after starting the week at No. 79. The department stores group took a beating, as BonTon Stores (BONT) swooned 8% and headed for a sixth straight weekly loss. Nordstrom (JWN) ended Thursday's session ahead more than 1% so far for the week, the only issue in the eight-stock group to gain ground. Read More At Investor's Business Daily: news.investors.com Follow us: @IBDinvestors on Twitter \| InvestorsBusinessDaily on Facebook