This Retailer Looks Bullish Ahead of Earnings

The retail space has been showing some strength, and this name is primed for a move up ahead of its report this week.

   

Video Transcript

If you’re looking at Williams Sonoma (NYSE:WMS) as far as making sense to provide a little bullish diversification in your portfolio, we really like it. In fact, a lot of these stocks that are in this category of retailers did really amazingly well in December, and the full data for the Christmas season is not out on Williams Sonoma yet.

I think if anything, because their schedule to report earnings is so late [current estimates are for Wednesday, March 6], it got caught up in the general selling in the market and they’re undervalued by quite a bit.

[Note: Other retailers including MediFast (NYSE:MED), Nutrisystem (NASDAQ:NTRI), Quicksilver (NYSE:ZQK), The Buckle (NYSE:BKE) and Ann Inc. (NYSE:ANN) - in which we also have an open trade in our SlingShot Trader portfolio - are also reporting earnings this week.]

Investor Place advisors John Jagerson and S. Wade Hansen are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news.  Get in on the next trade and get 1 free month today by clicking here.


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