Out Fox The $treet - November 21, 2019
Stocks to watch on Thursday:
Kohl's (KSS) - the retailer is back trading at the yearly lows following a guidance cut for 2019 EPS due to investments in driving traffic to their stores as the company adds new brands. Today completes the 3-day rule and the stock is holding a higher low so far. Kohl's is a buy here. More research: Don't Overreact To Headlines
Canopy Growth (CGC) - the stock has soared over the last couple of days due in part to a bullish analyst call by BofA and the news of the House Judiciary Committee voting in favor of the MORE Act which favors decriminalize marijuana. The stock has broken the downtrend, but investors should expect a quick reversal here as nobody expects the Republican controlled Senate to vote in favor of the MORE Act. My view the stock is on a path to $10 hasn't changed. More research: Canopy Growth: Still Rich Over $10
Disclosure: Long KSS. Please review the disclaimer page for more details.