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As the winter chill of December approaches, the markets have been on fire! Just 2 weeks into the month of November and the Nasdaq is up nearly 10%! This week in particular, we have seen some great retail sales numbers posted for household names like Home Depot (HD), TJX Companies (TJX), Target (TGT), The Gap (GPS), Macy’s (M), Ross Stores (ROST) and many others. All of which beat expectations. Then, there was Walmart (WMT), who reported earnings Thursday morning and came in line with expectations. Although they met the $1.53 expectation, it was the comments from the CEO that sent the stock into a sharp selloff. I immediately received a couple emails from my viewers asking me if now was a good time to load up on the stock due to the significant price decline. Let’s look at the historically normal pros and cons which may influence that decision.
Pros:
