Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Retail sector on watch after strong earnings day

Published 08/24/2017, 08:42 AM
© Reuters.  Retail sector on watch after strong earnings day
  • The retail sector could have a strong day after a wave of better-than-anticipated earnings reports pour in.
  • Williams-Sonoma, Abercrombie & Fitch, PVH, Dollar Tree (NASDAQ:DLTR), Burlington Stores, Guess and PVH are all trading higher premarket after topping expectations. Even the company nearly synonymous with the decline of the mall, Sears Holdings (NASDAQ:SHLD), is up 8%. Macy's (NYSE:M) and J.C. Penney (NYSE:JCP) are both up 1.8% off the general good cheer in the mall sector. Dollar General (NYSE:DG) didn't report numbers, but is up 3.4%. The read-through on consumer spending could even be positive for Target (NYSE:TGT) and Wal-Mart (NYSE:WMT).
  • Retail ETFs have trailed the broad market by a wide margin this year as various concerns have been priced in. Some analysts have been pitching the case that the sector was oversold.
  • ETFs: XLY, XRT, VCR, RTH, RETL, FDIS, IYK, IYC, FXD, SCC, UCC, RCD, UGE, PMR, SZK, FTXD, CNDF, JHMC.
  • Now read: J.C. Penney: Cash Flow Will Do Better Than Reported Income

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.