Diamonds and Dogs
7/12/19
Ollie's Bargain Outlet Holdings (OLLI) looks like a bargain today. The discount retailer is up 5% to a one month high as newsletter, SmallCap Informer, selected Ollie's Bargain Outlet as their top investment idea for 2019. Ollie's Bargain Outlet Holdings operates a chain of 315 discount stores in 23 states with name-brand merchandise from the likes of Kellogg's, Black & Decker, Serta, Fisher-Price, and M&M Mars. The newsletter is saying the latest pull back in Ollie's stock has pushed the stock into deep-discount territory. The newsletter looks to be right for at least today.
Johnson & Johnson (JNJ) has seen better days. J&J is down 4%, stuck in the middle of a two year range on reports the Department of Justice is seeking a criminal investigation into allegations J&J lied about possible cancer risks of its talc powders. The Justice Department itself hasn't confirmed the investigation. It would run alongside a probe from the Securities and Exchange Commission, and lawsuits from consumers who say J&J talc powder is responsible for their cancer. In December, a report from Reuters alleged J&J had known its talc powders contained cancer-causing asbestos for nearly 50 years. The company has called the report "an absurd conspiracy theory," but it has weighed on Johnson & Johnson stock since.
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