May 29, 2020 03:55 AM RSS

Retail Sales Come In Better Than Expected

  • Wall Street Rebel | Geoff Garbacz
  • 05/13/2016 09:31 AM
Retail Sales Come In Better Than Expected

After misses from Macy's, Fossil, Kohl's and now Nordstrom's retail has had a tough week. This morning has brought some reprieve as the latest retail sales are out and estimates were for nice growth of 0.9% from -0.3%. The numbers came in at 1.3%. This was the biggest gain in a year. Let's see if stocks can move higher on the news.

Through last Friday 79 retail stocks were higher for the year and 76 were lower. The entire market sees 3880 stocks higher and 2748 lower. Clearly, retailers are struggling but not awful. What is notable is the leaders are mid cap and small cap names. The largest names up year to date is Target.

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