Kohl’s , home to the Jennifer Lopez and Juicy Couture clothing labels, is becoming an investor favorite. David Nelson, Strategist, at Belpointe owns the stock which has gained nearly 10% over the past three months. “I looked at Kohl’s chart, its breaking out of a 10-year range. They are hiring a lot of people, the stock is cheap enough,” he says.
Kohl’s announced plans to hire 67,000 holiday workers last month. At the same-time gasoline prices have drifted to the lowest level of 2014, according to which also tweeted this stat last week: As many as 20 states could soon see average gas prices below .00 per gallon. Missouri is already there.
Nelson also owns shares in athletic retailer FootLocker because of its close ties to Nike, 50% of its merchandise offerings are Nike brands. “Footlocker, they're riding Nike’s wave, you're paying up for Footlocker,” he says. Those shares are up 35% this year.
Outside of retail, Nelson counts large-cap tech as a sizable holding, “I am very tech heavy right now, we own Apple and all the companies associated with Apple.” Apple’s stock has advanced 28% this year in part due to the company’s new suite of products including the iPhone 6 and Apple Watch.
Just last week, activist called on Apple CEO Tim Cook to return some of its cash hoard, now about 3 billion, to shareholders in the form of dividends or buybacks. His view: the stock is worth double current levels of roughly 0 a share.
Nelson remains cautious on industrial names due to the rising U.S. dollar Nelson does, however, make an exception for Boeing -- he believes the aircraft carrier can manage currency fluctuations more efficiently than others. Boeing shares have lost 10% this year.FinanceInvestment & Company Information
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