Rough Market for Retailers

By Ben Dressing

October 23, 2023

Attention Readers: It’s Monday and our Lead Technical Tactician Nate Bear is here to break down the indexes and the one name he really likes for trades this week. Click the image below to see what he’s looking at!

P.S.: If you want to join Nate for a lunchtime trading session today CLICK HERE, check out his One Ticker Payout system with Profit Surge Trader.

Good Morning Wake-up Watchlisters! Take a gander at the Monday morning market movers as we prep for a week of monster earnings reports. Amid multiple wars and political disarray we’ll see if Amazon, among others, delivered the goods in the past quarter.

As can be expected the indexes are starting the week off in the red lets hope the earnings reports this week kick off a big rally into the end of the year.

Burlington Stores, Inc (NYSE: BURL)

Burlington Stores is down 5.30% in the premarket. The stock, once valued at $230 a share is now sitting around half that at new 52-week lows. Retailers across the market are suffering as inflation and interest rates hammer American consumers. With that being said, its not over yet! We are in the biggest buying quarter of the year, holiday season is once again “Make-it or Break-it” season for retailers like Burlington.

Healthcare Realty Trust (NYSE: HR)

Healthcare Realty Trust is up 4.68% in the premarket. Shares of the REIT took a dive last summer after a costly merger with Healthcare Trust of America (HTA) and are now working their way back up from an all time low. If the often messy and expensive real estate portfolio transfer process between the two multibillion dollar companies is finally coming to a close that could signal a great buying opportunity.