Why Retail Stocks Are Loving the GOP Tax Plan
Investors have fled retail stocks this year as worries mount regarding the "retail apocalypse". Brick-and-mortar chains have announced more store closings than any previous year on record. However, after a mostly miserable year for the industry, something surprising happened in the past month.
Brick-and-mortar chains have surged on a combination of better-than-expected earnings reports from industry bellwethers like Macy's (NYSE: M), Wal-Mart (NYSE: WMT), and Gap (NYSE: GPS), strong sales over the Black Friday weekend, and hopes for the ultimate passage of the Republican tax plan going through Congress.
Image source: Getty Images.
Source: Fool.com
Kohl's Corp. Aktie
18,00 €
0,46 %
Leichtes Buy-Interesse bei Kohl's Corp., mit mehr Buy- als Sell-Einschätzungen.
Eine Steigerung von über 20% ist für Kohl's Corp. möglich, angesichts eines Kursziels von 22 € gegenüber 18.0 €.
