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Sparkle for Your Portfolio

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  • Description

    FBN's Charles Payne on investing in Zale Corporation.

  • Duration 2:28
  • Date

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-- And that's and -- day and we had to make some money which -- me in this hour he's -- and a little sparkle to your portfolio.

Which again.

A little sparkle in less than you always know it's funny when I have to tell you upfront is at high risk play can't accept that that -- played team that's what you have right now.

Themselves.

Yeah -- -- in the mall.

-- shopping in the -- hopefully a lot of people don't have for their sake let me tell you -- -- come back a long way yeah -- lot of that a lot of people thought by now they'd be out of business they've got a string of earnings beats.

Back -- last July quarter of this republic don't lose any force until we lost sixty wants at this -- weird thing about expectations and a and on the street -- for raising guidance big time for the next fiscal year now here's the thing they report tomorrow.

So either I'm gonna look very intelligent -- very stupid within the next week for a -- Yeah if -- -- -- it's a way to look at this stock.

One way to do say well it's up 248%.

From the recent low calorie Thomas got -- seven -- a little bit around seven since 2009 its collapse.

That's what -- a look at it the other way.

If it closes above seven and a half seven dollars and -- he sent it to really be off to the races there's a gigantic short position and believe it or not.

This was a 34 dollar stock back in 2005 so those a year -- dynamics I mean this one right now is really one of those kind of Reggie Jackson swing for the fences -- to be an amazing home run or respect how.

-- -- I'm leaning -- spectacular homer.

-- -- Reggie Jackson now I hear from the consumer side where we're gonna do it's a story that -- -- -- -- on how people are charged in their brains out again.

So that could bode well for your stock and -- Because people stopped charging had been using their debit the last morning credit but I think I -- -- can't wait to -- -- always on that kind of Stefan.

You know if people are feeling better -- -- consumer cents a minutes at a multi year high well let's see business reflected in a holiday season this time around.

-- -- not paying their bills offense.

The third event -- back what -- -- -- -- -- sixty foot what do you think.

Some guys way to start off today doesn't really mean a lot I think this market's been trying to force Wall Street I mean Washington's hand in you know and -- every once at the night things on the Sunday talk shows this the way of Wall Street saying guys are moving -- right direction.

But we need something and by the way not just anything people must be reminded that the the debt ceiling.

The market -- collapse until after a deal was signed you senator last time too we don't just -- deal we need it could be exactly house -- running the Clinton.

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