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0K8J trade ideas

JWN , Short JWN has debt issues and are low on cash in the meantime .Their quick ratio is 0.5 and debt/equity is 13.75 . At time of writing cash per share is $5.73 and book is $1.73 per share . RSI is currently in overbought levels at 77.10 Short float is > 32% Short Ratio is > 3 Forward P/E is 25.12 I was originally going to wait until the next resistance around $40.99 to short. However, I just noticed that after market close they reported a 22% decline in holiday sales compared to last year at this time. Taking this into consideration, I decided to adjust my game-plan to take one small level in today's aftermarket and set my original entry level ( $40.99 ) as a cost average level . The 22% overall decline is not as bad as it sounds in my opinion because they were actually able to increase digital sales 23% and still expect to deliver positive earnings (EBIT) for Q4. Personally , I think that their quick ratio and debt/equity is the big red flag , not to mention technicals also support a move down soon too (especially RSI) . That's just my opinion but looking at the 32 % short float , we can deduce that there are many other traders with similar viewpoints . It would seem to be a perfect time for an offering to help that quick ratio out a bit , wonder if the management is thinking the same ... Good luck ~
NYSE:JWNShort
by NAK1987
NORDSTROM Offer DailyHey my friends, NORDSTROM is in a bullish movement with low purchase volume issued. On the TIMEFRAME M1 we can see a marubuzu with a return of purchase volume it came to the top of the consolidation zone to test it. Big potential to breakout the price thereafter the zone to join another and reach the next top (View on TIMEFRAME H1). Then return (in TIMEFRAME D1) for excess (on TIMEFRAME H4) before testing from the top of a consolidation zone and breakout to get into the one above. Please LIKE & FOLLOW, thank you!
NYSE:JWNShort
by stephanelibatd
$JWN - golden cross$JWN golden cross coming soon. It is a pattern I enjoy playing. No chart pattern or chart indicator is a guarantee. Golden crosses on the horizon (within 1-35 days) AA - I want in, but afraid BAC BOX CARS DBX GE - Im in HAS - Im in LYFT MLHR MMM - Im in NTAP NTR - Im in URG WB NNDM - Im in ADS BA C CONN COTY CRON CSCO EBIX GNUS JWN M MIXT MO NCLH PSEC SPG UAL WTFC SPYD EEFT FNB BNS PRTH YELP RESN Recently golden crossed and no where near entry or entry is still good to play the golden cross OLN RVLV AXP IMMR - Im in DFS EXPE F - Im in FBC FCEL - Im in IDEX JPM MET MOS STT - Im in ULTA WEX Personal plays and cashed out today on golden cross: IDEX +50% MET +27% ULTA +18%
NYSE:JWNLong
by katblat
$JWN - NRPicks Nov 11Nordstrom mantiene un canal interesante entre los $11.90 y $14.00 y registra acumulación en estos niveles. En cuatro días presenta resultados trimestrales lo que podría impulsar el precio hacia los $15. Es una compañía que ha mostrado reacciones mayores al 5% en los días de reporte. Es una de las compañías retail más afectadas por la pandemia que esperamos que muestre mejorias en estos resultados como los principales players de la industria. (Gap, Tapestry, Target)
NYSE:JWNLong
by NewroadTrader
JWN still worth buying ?Good morning or good evening depending on what time zone you're in when reading this. 🤠 Today on the 25th our biggest stock in the portfolio released their Q3 earnings report. As of now we are 74% up on average in this stock. For all of you who aren't aware of what JWN is; Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail and since this quarter more then 50% over their orders was done online ! CEO Erik Nordstrom opened with 3 areas of growth in the business. - Digital, increased from 33% to 54% of their total business ! - Nordstrom Rack, is now 1/3th of the total business. - 16 stores are still closed. This decreased overhead. I personally think this is great ! Every retailer should be focusing a shift to online sales. Not only that but jus think what will happen to the gross profit margin ! - Pick up in stores Increased by 156% over last quarter ! Why am I still bullish on this stock even though I already have 74% gains ? - Strong financial position, they still have 900m in cash. Plenty to survive this pandemic. They even reported 0.36$ earnings per share ! This beats analysts expectations by 0.35$ and shows that this company is a cash machine. 💲💰 - Digital sales now 1.6 Billion or 54% of total sales. - Nordstrom will start paying dividends at some time. It might not be this quarter or not the next but once everything is over for sure. - Family owned business and CEO, you just know they are working hard for their families name and heritage. - CHRISTMAS is coming !!! I think if the stock pulls back it is still interesting to add our position. If it goes up we still keep holding for probably at least a year or longer, maybe take some profit if it hits 30$. 💹 Here is a peak into my public portfolio. www.etoro.com If you like my content please hit the like button or you can copy me on Etoro. 🙏👊
NYSE:JWN
by Samboly
As predicted, short gone, analysts change there mindsShorts are leaving share price will go past 22$ and keep climbing. Analyst to late to the party again saying JWN has one of the strongest buissness models vs its compeditors and are financialy strong. From 45% shorted to the low 20%. Future looks brighter then ever after covid for Nordstrom as competition has slowed down and they are moving aggressiv. Take into the calculation that there is over 200 difrent kinds of vacines there working on, covid will not last forever. Letts see if this company can suprice seens the owners think the company is a 50$ + a share company. Says alott where there future value will be going.(up)
NYSE:JWNLong
by epicscoreeu
3
Free money: 12$It is crazy the market is valueing JWN as a 1.8Billion when they have 1 billion in cash alone not to talk about there assets, shorted by 40% i just see this stock explode in share price in the future thanks to that. 3x/4x you're money at this price. I trust this managment they have shown to great effect why they should be the nr1 retail-fasion clothing store in the USA. Rember they asked to buy the company out of the public market for 50$ a share. And gott refused cause they thaught it was to cheap...12$ price tag is basiclly free money in the long tearm.
NYSE:JWN
by epicscoreeu
Nordstrom is close to its all time support (back from 1985). ^^^Nordstrom's been hit really hard - and rightfully so. It's a department store in the era of specialized stores. As a sector, department stores are commodity brands with minimal appeal. That said, out of all the department stores, there's really only one store that has made a brand for itself - Nordstrom. Of all the stores out there, I believe it has the least chance of going under. The Nordstrom family in the past has tried to repurchase the company and take it private. At the time, their bid was too low. Today, any bid is almost a steal. But.. look back at every major recession in our history. $JWN has hit this bottom support line. And what happens soon after that, a dramatic rise. The biggest difference between today and 2008, the last time JWN hit the support line is that in 2008, you could still physically go to the store + you had a need for dressing nicely. Today, most people are wearing lounge / comfort clothes, and even if they wanted to go out, most people can't or won't go indoors due to COVID-19. You can assume that JWN has a high chance of going bankrupt. You can also assume that if it doesn't (protect your downside), then based on history, it will climb. Those who have still have any discretionary money available to them will be looking to spend as soon as they can - whether its due to COVID-19 fatigue or a COVID-19 vaccine. The idea here is something similar to a strangle. - Put options around $7.50 that expire before May of 2021. COVID will likely lock people in until spring of 2021. This is going to be the riskiest time for JWN - especially since they will likely lose a lot of holiday revenue. - Call options around anywhere between $15-$30 that expire end of 2021. If JWN makes it past Spring of 2021, then they should be resilient enough to enjoy a return of customers (assuming there's not another massive event).
NYSE:JWNLong
by lets_daft
JWN Falling wedge breakoutNYSE:JWN looks to have finally broken out of the falling wedge. Ideally would love more volume but look for a retest on the previous resistance trend to now act as support. Long over $14.50 with a PT of $25. SL at $13 None of the content published constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Information provided in this correspondence is intended solely for informational purposes and is in no way guaranteed.For financial advise seek appropriate investment advice from a licensed Industry representative.
NYSE:JWNLong
by Mullamaker