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Highest Beta in the General Merchandise Stores Industry Detected for Tuesday Morning (TUES, FRED, BIG)

Published on Wed, 03/13/2013 - 10:24
By Adrienne Chilton

Below are the three companies in the General Merchandise Stores industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Tuesday Morning (NASDAQ:TUES) is highest with a beta of 1.1. Tuesday Morning Corporation is a closeout retailer of upscale home furnishings, gifts, and related items. The Company sells a variety of brand name merchandise such as Ralph Lauren bed linens, Waterman pens, and Royal Dalton china and giftware at a discount.

Potential upside of 36.0% exists for Tuesday Morning, based on a current level of $8.09 and analysts' average consensus price target of $11.00. The stock should find initial support at its 50-day moving average (MA) of $8.07 and further support at its 200-day MA of $6.12.

Fred's (NASDAQ:FRED) is next with a beta of 1.1.

Finishing up the top three is Big Lots (NYSE:BIG), with a beta of 0.9.

By Adrienne Chilton
achilton@fnno.com