Put together Nordstrom's (NYSE: JWN) better-than-expected third-quarter earnings report with the positive developments on the COVID-19 vaccine front, and it's understandable why investors have taken a shine to the department store chain.
Nordstrom may have found its footing again at just the right time for retail to bounce back. Yet just because the market is hopeful doesn't automatically mean you should be, too. Let's look at whether Nordstrom's stock is a buy.
Image source: Nordstrom.
Source Fool.com