{"id":52914,"date":"2014-06-18T02:39:18","date_gmt":"2014-06-18T06:39:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=52914"},"modified":"2014-06-18T02:39:18","modified_gmt":"2014-06-18T06:39:18","slug":"why-the-jb-hi-fi-ltd-share-price-jumped-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/why-the-jb-hi-fi-ltd-share-price-jumped-today\/","title":{"rendered":"Why the JB Hi-Fi Ltd Share Price Jumped Today"},"content":{"rendered":"
June 18, 2014<\/div>
\r\n<\/div><\/div>

By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the JB Hi-Fi Share Price?<\/h2>\n

Shares in electronics retailer JB Hi-Fi Ltd [ASX:JBH]<\/strong> popped up nearly 2% today. Earlier in the session, the shares were up by almost 4%, putting them close to a monthly high.<\/p>\n

Why Did This Happen to the JB Hi-Fi Share Price?<\/h2>\n

The fortunes of retail stocks are highly linked to expectations around consumer behaviour.<\/p>\n

The latest forward-looking consumer confidence figures in the Westpac\/Melbourne Institute Leading Index show that the outlook for spending improved in May.<\/p>\n

That news has given cheer to a broad range of retail-focussed Australian stocks today.<\/p>\n

But there\u2019s also an element of relief in this rally, as the likelihood of JB Hi-Fi issuing a profit warning is decreasing every day. That makes JB Hi-Fi a more attractive bet than retail stocks like Pacific Brands Ltd [ASX:PBG]<\/strong><\/a> and The Reject Shop Ltd [ASX:TRS]<\/strong><\/a>. <\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

When a company\u2019s listed peers are confessing missed earnings targets, a lack of news can be viewed quite positively. That keeps the share price moving upwards.<\/p>\n

What Now For JB Hi-Fi?<\/h2>\n

JB Hi-Fi is a proven, resilient performer through good times and bad. It offers a reasonable fully franked dividend, growth prospects through its new \u2018Home\u2019 format stores and value return through its $27 million share buyback program. You should take any indications that Australians are getting happier to open their wallets as a positive for this stock.<\/p>\n

Tim Dohrmann+<\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong><\/p>\n

Join Money Morning on Google+ <\/u><\/a><\/strong><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the JB Hi-Fi Share Price? Shares in electronics retailer JB Hi-Fi Ltd [ASX:JBH] popped up nearly 2% today. Earlier in the session, the shares were up by almost 4%, putting them close to a monthly high. Why Did This Happen to the JB Hi-Fi Share Price? The fortunes of retail […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-52914","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=52914"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52914\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}