Hopefully recent stock price action for NW companies are pointing towards better times ahead.
It looks like frugality is the "new normal" and a couple of NW are taking advantage of it.
Amazon declared war this week suggesting it will be the low price leader this holiday season. The stock is up nearly 40% since September to a new 52 week high.
Costco has been another favorite of the "new normal". After a 20% run in September the stock has reset and looks ready for a run to 70. My stop is at 62.95. It will be interesting to see if Initiatives 1100 & 1105 have any effect on the price.
Not to be left out, local "luxury" retailers have been making the move also.
Starbucks has made the move to a new 52 week high on big volume. I can attest to the popularity of the new frappucino. My wife is a huge fan of the Caramel. The stock is currently extending but should be able to hit 32.
After a 35+% move in September, Nordstrom has pulled back to the 50 day ema. It's a buy in the low 36's. Stop is at 34.85. The target is 42.
Some of the older Puget Sound names are also showing signs of life.
Boeing is bumping up against resistance after a 20% run since September. I'd like to get back in at 69 with a protective stop at 66.85. A break above 72 should lead to a new 52 week high in the upper 70s.
Even venerable Weyerhaeuser looks poised to make a move even though it missed out on September's rally. A breakout above 16 targets 19. If it makes the "up and out" move above 16, stops at 15.5 keep it conservative.
Hopefully, the stock market is performing its job as a forward looking indicator of future economic activity. If so, things ought to be looking up for The Puget Sound area in the Spring.
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