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Stock #3: Nordstrom (JWN)
We saw the first signs of the “Obama effect” with the hype of her inauguration gown. The designer of that stunning dress was
Jason Wu.I can imagine that many women looking to wear a stunning dress to their own special occasion might head to Nordstrom (JWN)—who
carries Wu’s collection. In this recession, department stores need all the help they can get, and selling a hot designer is a
great leg up on the competition.Even though shares of JWN have more than tripled in value since reaching a bottom last November, sales of Wu’s at Nordstrom,
could lead to more gains for shareholders.
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