Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use Privacy Policy About FAQ Help Contact Us

As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.

View Coupon

Sep. 11, 2020 - Industry groups are correcting

September 13, 2020
MCBOSS CAPITAL
37 views

market update

Table of Contents:

Weekly Special Report Market Update

This week many industry groups continues correction following weakness in the general market.

Beware some of the stocks has not report their earnings for their last quarter; hence, may be volatile and even show negative trend after.

This week we start following this group.

Sector - Retail

Industry Group - Consumer Services - Clothing/Shoe/Accessory Stores

VFC ($70.03), PVH ($67.07), UA ($9.90), TPR ($16.15)

This retail industry group suffered big drop due to covid. It is still 40% below 52 week highs. This group has shown technical strength in this last week. Perhaps it is expecting a vaccine by year end and possibly full recovery sometimes after.

We have reset the portfolio this week.

Here is our history of the monitored industry group performance:

Jan. 11, 2019 to May 31, 2019 has an overall portfolio gain of 3.6%.
May 31, 2019 to Aug. 30, 2019 has an overall portfolio gain of 9.1%.
Aug. 30, 2019 to Oct. 25, 2019 has an overall portfolio loss of -3.4%.
Oct. 25, 2019 to Feb. 7, 2020 has an overall portfolio gain of 9.4%.
Feb. 7, 2020 to Apr. 3, 2020 has an overall portfolio loss of -9.7%.
Apr. 3, 2020 Sep. 4, 2020 has an overall portfolio gain of 30.0%.

Since Jan. 11, 2019, the total compound gains is 40.2%.

The following industry groups are being monitored since Sep. 11, 2020. Since then, the industry groups has an overall gain of 0%.

	Sep. 11

VFC	70.03
PVH	67.07
UA	9.90
TPR	16.15

Sector - Retail

Industry Group - Consumer Services - Clothing/Shoe/Accessory Stores

VFC ($70.03), PVH ($67.07), UA ($9.90), TPR ($16.15)

This retail industry group suffered big drop due to covid. It is still 40% below 52 week highs. This group has shown technical strength in this last week. Perhaps due to back to school, people are shopping for kids cloths and shoes. Will this trend continue as we head into the busiest shopping season.