Expect Great Things

That's the tag line of Kohl's (KSS) current ad campaign. CSFB must agree, as they have made the stock their top pick for 2006. They cite increased buzz around the company's new brands rollout, as well as the potential for margin expansion from current levels.

The stock has been mired in a downtrend since July. But today it looks like it is finally breaking out of that downtrend, and on solid volume. I think KSS can trade back to the mid-50s over the intermediate-term.

long KSS