Below is a note from CEO Keith McCullough on why we're adding Kohl's (KSS) to the short side of Investing Ideas:
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Good short selling Friday to you! The bulls are having a heck of a time maintaining the 3rd "up" day for the SP500 in the last 12. NASDAQ is rouge. Looking for good shorts that are green today on #decelerating volume to lower-highs? How about coming back to where insiders made sales in SEP, Kohls (KSS)? Here's a great excerpt from Brian McGough's most recent Institutional Research note on KSS: "Tops are processes, not points – and the end of the 12-month KSS financial model acceleration and subsequent stock rip to new all-time highs is nearly complete. You just saw the best KSS has to offer, and it still did not even outcomp Wal-Mart. Now we’re in the back half, top line compares get meaningfully more difficult starting this month, cost pressures just accelerated, it’s gonna miss 2H EPS, and and we’re looking at the last time KSS is likely to earn over $5 per share ever again." Sellem on green, KM |
