- Investors are placing bets that the solid showing by retailers during Black Friday and through Cyber Monday isn't just a case of chains pulling forward sales intended for December.
- There are strong share price gains across the sector, led notably by department store names.
- Perhaps the best news for retail is that store traffic matched last year's levels by most estimates, even with e-commerce spending by U.S. consumers soaring. Also in the mix today is some reshuffling by investors with their portfolio as tax reform nears.
- Gainers: Dillard's (DDS +9.9%), Sears Holdings (SHLD +6%), J.C. Penney (JCP +3%), Macy's (M +7.4%), Kohl's (KSS +3.5%), TJX Companies (TJX +3.1%), Nordstrom (JWN +7.1%), J. Jill (JILL +8.5%), Express (EXPR +5%), Gap (GPS +4.6%), Buckle (BKE +4.3%), Ross Stores (ROST +3.7%), Target (TGT +8%), Big Lots (BIG +3.5%), Dollar Tree (DLTR +3%), The Container Store (TCS +4.4%), Party City (PRTY +3.3%), Finish Line (FINL +4.6%), Dick's Sporting Goods (DKS +5.1%), Tailored Brands (TLRD +4.8%), Zumiez(ZUMZ +4.2%) and Cato (CATO +3.2%).
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FDIS, FXD, RCD, PMR, FTXD, CNDF, EMTY, JHMC
- Now read: TJX - Let The Hunt Begin
Original article