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Today we are watching…
1.ย Kohl’sย (#kss)
Ahead of the holiday season, investors have their eyes on this department store retailer. Kohl’s is hamstrung by a flagging womenโs apparel business but afforded some hope through heavy investments in marketing and a deeper partnership with Amazon. Kohlโs made headlines recently by revising its guidance of full-year earnings, an unpopular move. However, a strong performance this weekend could prove it an unnecessary one. If weโre glass-half-full investors, then Kohlโs has lowered the bar of expectations to potentially bring a New Yearโs earnings beat within even closer reach! If weโre glass-half-empty investors, then Kohlโs is mentally preparing shareholders for further bad news. Red Friday or Black Friday? Long opportunity or short opportunity?
2. Boeing (#boeing)
The Federal Aviation Authority (FAA) has not cleared theย 737 MAXย for take-off. In fact, the government regulator will begin painstakingly checking each and every aircraft next week to see if strict safety standards can be met. Thatโs over 500 planes! The state-backed commercial aerospace giant had a goal of getting the MAX back in business by year-end, but thatโs looking a far cry now. Investors know the biggest curb on Boeingโs stock price is distrust and newfound flight fright. The company needs to win back orders from Airbus and do more to change the corporate culture that led to this mess before a break-out is back on the cards.ย