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Retailers outpace broader market despite disappointing sales data

  • U.S. retail sales unexpectedly fell last month, yet shares of a variety of retailers (XRT +0.8%) are outperforming the broader stock market today.
  • Even shares of automakers and auto-parts dealers - which reported the steepest decline in sales of the 13 major categories the Commerce Department tracks in its report - are largely higher for the day: AAP +2.4%, GM +1.8%, BWA +1.8%, ORLY +1%.
  • One potential explanation is that investors are not viewing one weak retail sales report as a sign that the U.S. consumer is set to suddenly cut down on spending in the coming months.
  • Despite uncertainty around trade policy, "consumers still have a lot going for them as evidenced by longer-term trends and factors like the tight labor market," says Jack Kleinhenz, chief economist at the National Retail Federation.
  • ETFs: XLY, XRT, VCR, FDIS, RTH, RETL, EMTY, IYC, IYK, FXD, UCC, RCD, SCC, PMR, WANT, UGE, PASS, SZK, FTXD, JHMC

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SymbolLast Price% Chg
XRT--
SPDR® S&P Retail ETF
AAP--
Advance Auto Parts, Inc.
GM--
General Motors Company
BWA--
BorgWarner Inc.
ORLY--
O'Reilly Automotive, Inc.