Nordstrom Misses the Rack!
Good morning Wake-Up Watchlisters! Tell your barista to make it a double-shot as we work our way through hump-day. The markets are green across the board!
Nordstrom, Inc. (NYSE:JWN)
Nordstrom Shares fell off a cliff overnight after slightly beating earnings expectations but reducing forward guidance. This reinforces analsyts fears that retail may be going the way of the buffalo.
This setup was absolutely perfect for an overnight play and thats exactly what we did. Bryan setup a win-both-ways trade and will be rining the register after a significant move this morning.
Stop missing these overnight winners, join The War Room today!
JD.com Inc. (Nasdaq: JD)
On the opposite side of the earnings reports, Chinese E-Commerce company JD.com smashed their earnigns expectations and announced plans for a stock buyback program. Revenue increased 4% year over year while adjusted earnings per share increased 10%. While China is experiencing an economic slowdown it is creating an opportunity for discount E-Commerce stores like JD.com to take a greater share of the market.
Like with Nordstrom, JD is a great candidate for an overnight earnings play. Current War Room members got an alert to trade this one at 2pm yesterday and are now sitting on healthy double digit gains in less than 24 hours.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team