5 Stocks for the Memorial Day Weekend
Stookle submits:While investors and traders take a break on this Memorial Day long weekend, consumers are expected to indulge in shopping, traveling and/or eating outside. Thus, the “consumer discretionary” industry is likely to benefit. Investors looking to profit from the expected spike in consumer spending should consider the following value stocks. These securities have been constantly losing price value within the past 90 trading days, but are now showing signs of an uptrend.[Click to enlarge]Office Depot (ODP), the Florida-based office supplies retail chain, recently announced the permanent appointment of its interim CEO, Neil Austrian. The announcement pushed the stock up by 15 cents or 3.61%. Austrian has helped make the company’s outlook better since his takeover as interim CEO. The stock closed at $4.12 on Thursday, 34.08% lower than its 52-week high of $6.25.Target (TGT), the U.S. based discount retailer, picked 105 sites for possible Canada stores. ThisComplete Story »
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