As we get deeper into the holiday season, keep an eye on oversold shares of Kohl’s (KSS).

For one, after gapping lower on disappointing third-quarter numbers, the retail stock appears to have caught strong support at $14.22 and is slowly pivoting higher. Two, the KSS stock is technically oversold on RSI, MACD and Williams’ %R. From its last traded price of. $14.97, we would like to see KSS initially refill its bearish gap at around $18.71 – especially with a good deal of earnings negativity now priced into the stock.

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Also, while we wait for Kohl’s stock to rebound, we can collect its 50-cent dividend, which is payable on December 24 to shareholders of record as of December 11.

Plus, as noted in a Kohl’s press release, the company “announced on November 25, 2024, Chief Executive Officer Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay on in an advisory role to the new CEO and retain his position on Kohl’s Board of Directors through his retirement in May 2025. The Board appointed retail veteran Ashley Buchanan as CEO and Board member, effective January 15, 2025.”

Sincerely,

Ian Cooper