On Wednesday's Good Buy or Goodbye segment, Freedom Capital Markets Chief Global Strategist Jay Woods joins Market Domination host Julie Hyman to do a price check on his previous retail sector call. Costco (COST) remains Woods' "good buy," highlighting the company's strong technicals, consistent earnings, and attractive fundamentals. However, Woods concedes that the stock is historically expensive, given its high P/E ratio. On the other hand, Woods says "goodbye" to Dollar Tree (DLTR), pointing to its negative price action and competitive environment as big retailers lower prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
Stocks rose Wednesday as expectations for Federal Reserve interest-rate cuts increased. Stitch Fix rose 29%. Not only did the personal styling company’s quarterly earnings come in stronger than expected, management raised its financial guidance for the fiscal year.
Dollar Tree weighs selling Family Dollar. Ollie's Bargain Outlet breaks out on earnings, Lululemon bolts. Five Below tumbles.