We came across a bullish thesis on Nordstrom, Inc. (JWN) on ValueInvestorsClub by FT42. In this article we will summarize the bulls’ thesis on JWN. Nordstrom, Inc. shares were trading at $22.11 when this thesis was published, vs. closing price of $22.24 as of Sept 10. Nordstrom, currently trading at a P/E multiple of 12, […]
JWN's digital moves seem robust. The company is focused on building momentum at the Rack banner.
Nordstrom (JWN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.