Why Foot Locker, American Eagle Outfitters, and G-III Apparel Stocks All Popped Today
For the second day in a row, stock markets are glowing bright green Tuesday, with the Dow up 2.5% and the Nasdaq up 1.4% as of 1:45 p.m. EDT.
Some of the stocks reacting most ebulliently to these updates are retail companies catering to discretionary consumer spending on clothing and footwear.
In mid-afternoon trading, shares of Foot Locker (NYSE: FL) stock are up 7.6%. American Eagle Outfitters (NYSE: AEO) is doing even better -- up 11.7%. Hard-hit G-III Apparel (NASDAQ: GIII), which makes clothing and footwear under its own brand names such as G-III and DKNY, as well as under licensed brands such as Calvin Klein and Dockers, and whose shares are down more than 80% over the past year, is doing the best of all today. G-III shares are up 32.4%.
Source Fool.com
