09Aug10:44 amEST

Time to Play Chopsticks at These Stores

Two discount retail stores are sporting impressive charts into the latter portion of summer.

We have been tracking OLLI for a while, and one of our Members also noted BIG with similar base in the context of an overarching uptrend.

So while many other segments within the retail sector are merely trying to prove a bottom, these two plays are near multi-quarter or multi-year highs in their own right. I would also not be surprised to see M&A in the group, to boot, as a means of consolidating the specialized corner of the industry. 

Elsewhere, the VRX surge after earnings is gaining plenty of attention given the stock's propensity to capture headlines. However, it may be overshadowing better overall action in healthcare, namely those leading medical device plays. We have a few of those on watch this morning. I will be updating them in a bit. 

 

Stock Market Recap 08/08/16 ... The Most Valuable Commodity ...

 
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