- Bloomberg Intelligence analyst Caitlin Webber says Wal-Mart (WMT -2%), Target (TGT -1.5%), Best Buy (BBY -4%) and Costco (COST -1.7%) would face billions of dollars in extra import costs under a border adjustment tax as proposed by the GOP.
- Senior Trump administration officials are said to be favoring the tax in some form, despite some up and down signals from POTUS.
- Add to the list posted earlier of retail stocks trading lower Stein Mart (SMRT -4.7%), Zumiez (ZUMZ -4.4%), Pier 1 Imports (PIR -4.8%), The Children's Place (PLCE -3.7%), Five Below (FIVE -3.6%), RH (RH -5.2%), Chico's FAS (CHS -3.8%), DSW (DSW -2.5%), Cato (CATO -2.8%), Williams-Sonoma (WSM -3%), Carter's (CRI -3.5%), Iconix Brand Group (ICON -4.4%), G-III Apparel (GIII -3.8%), Perry Ellis (PERY -2.9%), PVH (PVH -2.6%) and Steven Madden (SHOO -2.7%).
- Previously: Investors shy away from retail stocks amid question marks (Jan. 27)