Why Dillard’s (NYSE:DDS) Investors Should Consider Securing Some Profits
Occasionally, the market delivers unintuitive surprises that catch many investors off guard. Dillard’s (NYSE:DDS), an upscale department store, should be counted among the discretionary retailers struggling for traction. Instead, DDS stock is currently up double digits, seemingly defying gravity and the broader economic context. Still, with ambiguous waters ahead, lucky contrarians should consider at least securing some profits. I am bearish on the circumstances likely to drag down DDS. On the surface level, prospects for Dillard’s appear compelling. Primarily, the company delivered an earnings and revenue beat for its most recent second-quarter earnings report. Adjusted for non-recurring items, Dillard’s posted earnings of $9.
Why Dillard’s (NYSE:DDS) Investors Should Consider Securing Some Profits
Occasionally, the market delivers unintuitive surprises that catch many investors off guard. Dillard’s (NYSE:DDS), an upscale department store, should be counted among the discretionary retailers struggling for traction. Instead, DDS stock is currently up double digits, seemingly defying gravity and the broader economic context. Still, with ambiguous waters ahead, lucky contrarians should consider at least securing some profits. I am bearish on the circumstances likely to drag down DDS. On the surface level, prospects for Dillard’s appear compelling. Primarily, the company delivered an earnings and revenue beat for its most recent second-quarter earnings report. Adjusted for non-recurring items, Dillard’s posted earnings of $9.