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Retail rush: Target (TGT +3.5%) trades higher as some investors take the bet that lower oil...

Retail rush: Target (TGT +3.5%) trades higher as some investors take the bet that lower oil prices might put enough cash back into the pockets of consumers to spur on spending. Also on the move: Wal-Mart (WMT +2%), Costco (COST +1.7%), and Dollar General (DG +2.1%).
Comments (2)
  • Big mistake! Sequestor is going to lower pay days!
    4 Mar 2013, 03:44 PM Reply Like
  • Amazingly stupid argument. XLY at all time high- gas prices didn't effect consumer spending on the way up so why should they on the wat down? This move in retail stocks is all momo and short squeezes! Most overvalued sector in the market!
    4 Mar 2013, 03:50 PM Reply Like
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