DON'T BUY
Walmart will crush everything when it reports tomorrow. Avoid the Gap. Avoid.
specialty stores
BUY on WEAKNESS
If it opens below $24 tomorrow morning due to the Walmart earnings report, buy a little.
department stores
BUY
Shares have been hammered since April when Amazon revealed it had built too many warehouses and wanted to get out of some leases. PLD got hit way too much. PLD has the best spaces and Amazon makes up less than 5% of their business. Last week they delivered a blow-out quarter: 98% occupancy rate and raised their full-year forecast. Only 2 properties were up for renegotiation with Amazon and that number is now 0. Shares are up, but still down $50 from April highs.
investment companies / funds
PARTIAL BUY
Shares have been cut in half since April and are not trading at only 3x earnings, among the cheapest stocks out there. (Hit $34 in early April.) Last Friday, CLF reported a mixed quarter: revenue beat and in-line earnings. Stock plunged 9%, but rebounded today 6%. Shares may be getting too cheap. If on Wednesday the Fed announces more rate hikes, buy. But if there are hikes lasting through the summer, a buy could be tougher.
steel
DON'T BUY
Pays a big yield, but the stock could still go down. Even the best insurer, Chubb, is seeing weaker shares. Avoid the insurers.
insurance
DON'T BUY
The sector has done well, but real estate is currently a dicey business.
REAL ESTATE
DON'T BUY
Don't buy a mineral and mining company heading into a recession. It looks cheap, but don't.
other mines