Shares of retail stores (XRT +3%) enjoy a boost from FedEx's (FDX +2.8%) forecast of record...
Shares of retail stores (XRT +3%) enjoy a boost from FedEx's (FDX +2.8%) forecast of record holiday shipments. FedEx expects to ship 17M packages, a 10% rise Y/Y, and overall retail sales to rise 2.5%-3% this holiday season. Leading today's charge is JC Penney (JCP +3.7%), named a top pick last week at T2 Partners; also ANN +3.3%, M +4.7%, OMX +9%.
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