|Last Price$233.57||Day Change (%)0.70%|
|Open Price$243.28||Day Change ($)1.62|
|Day Range232.58–243.28||52-Week Range142.79–243.28|
As of Fri 12/06/2013 04:20 PM EST | USD
Macroeconomic uncertainty and increased price competition paint a troubling fourth-quarter picture for consumer cyclical names.
The U.S. economy is in decent shape, but we are being even more selective given recent outperformance.
The author does not own any of the stocks or funds mentioned above.
A lot of progress has been made since the recession's retreat, but retailers haven't escaped yet.
As macro headwinds mount, we would look for a larger valuation discount among consumer cyclical names.