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. Stock
€18.94
0.250%
Our community is currently high on Kohl's Corp. with 5 Buy predictions and 2 Sell predictions.
With a target price of 23 € there is a positive potential of 21.41% for Kohl's Corp. compared to the current price of 18.94 €.
