real-time news and commentary for investors
Friday, Nov 23
2012, 10:55 AM
Retail stocks as a group are trading with strength on optimism Black Friday will deliver a...
Retail stocks as a group are trading with strength on optimism Black Friday will deliver a healthy kickoff to the holiday season spending season. While accounts of lines out the door at major stores are an encouraging - but largely anecdotal indicator - it's early numbers from Wal-Mart (WMT +1.2%) and a Dow Jones report tipping off strong online spending on Thanksgiving that may be really powering the mini-rally for big retail concerns such as Costco (COST +0.6%), J.C. Penney (JCP +1.8%), Sears Holdings (SHLD +0.4%), and Target (TGT +0.5%). (Previous: WMT hits 5K transaction per second at its peak)