This week's best performers include several retail stocks and one exchange operator

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Retail stocks were the clear market winners this week.

It hasn't been the best week for the broader market. The S & P 500 is down about 1% week to date, as investors weighed fresh commentary from Federal Reserve officials on inflation and monetary policy, which heightened concerns of even higher interest rates. Several retail stocks bucked the overall market trend, however, on the back of strong quarterly reports. Walmart , for example, lifted its financial guidance and posted quarterly earnings that beat expectations.

Other retail stocks were also on pace to cap off a positive week. Bath & Body Works was the second-best performing stock, with shares surging more than 12% after topping expectations. TJX Companies ' stock also hit a fresh high, surging nearly 8% on solid earnings. About two-thirds of analysts say the retailer is a buy and offers more than 7% upside given its consensus price target. Daniel Loeb's Third Point also disclosed new positions in both retailers .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategyStocks slumped on Wednesday after Target reported a sales decline. I Yeah and Cramer should try smokin weed instead of crack. Lol Propaganda. Heresy.
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks slip, dollar steady as retail sales tip Fed outlookGlobal stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. retail sales rise solidly; fourth-quarter GDP estimates raisedU.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy.
Source: Reuters - 🏆 2. / 97 Read more »