SPG - Simon Property Group - HOLD.
Based on the fear/concerns about a second wave of COVID-19 prices might keep going down as the support level was broken last week. If on Monday, the price will close above the resistance level, perhaps there might be an opportunity to go long
Technical Analysis - Go long
Fundamental News Today
Simon Property Group (SPG) – Simon is suing apparel retailer Gap (GPS) over nearly $66 million in unpaid rent, according to online real estate publication The Real Deal. Gap is the largest tenant for the nation’s largest mall operator.
America will open back up soon. Several states already open, like Texas and Georgia. Many more states will open next week.
What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food!
We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in...
Wait the right signal to go long based on Technical and Fundamental Analysis
Simon Property Group says it plans to have roughly 50% of its malls and outlet centers reopened again within the next week
As of Monday, the company said it has reopened 77 of its properties in the U.S., where local lockdown restrictions have been eased. It said a dozen of its premium...
