Unfortunately, Tradingview took down my $AMD post. They said because I mentioned soliciting.
So I have to really watch my words now on this platform which is kind of weird. It was never like this…
Anyway, figured ill fester up a new idea to bring to you guys for this coming trading week.
The bottom line is also getting stronger at the retailer with net income soaring in Q2 to $495.5M vs. $276.8M a year ago and $112.5M two years ago.
Dick’s Sporting Goods ( DKS ) ended the quarter with $2.24B in cash and no borrowings on the credit facility to free it up for the special dividend announcement.
Technicals- Strong Multi-month bull trend. Still intact, confirming higher prices to follow.
Fundamentals- Growing strong , 400M in share buybacks. Mastercard SpendingPulse predicts that U.S. holiday retail sales will be up 7.4% compared to last year. DICK’s also raised its FY 2021 revenue guidance by roughly a billion dollars after its second-quarter beat.
Risk– If the trend is removed for some reason. We will then have to re-evaluate a trade. But for an Equity investment, a long-term horizon certainly buys more.