Retail Sector Active Following Earnings Reports from TGT, HD, M, JWN, ODP, RSH

The retail sector is active today following Q4 earnings reports from numerous big-name retailers:

• Target (NYSE: TGT) - missed on EPS, beat on sales. The stock is down 3.5% to $27.44
  
• Home Depot (NYSE: HD) - topped the Street's EPS estimate, but missed on revs, and also guided FY09 to the downside. The stock is up 8% to $20.20.
  
• Macy's (NYSE: M) - beat on both earnings and sales and reaffirmed its previously issued guidance. The stock is currently up more than 9% to $8.07.
  
• Nordstrom (NYSE: JWN) - reported mixed earnings and issued FY09 guidance that was in-line with the Street estimate. Shares of Nordstrom are up 13% to $12.82.
  
• Office Depot (NYSE: ODP) - swung to a Q4 loss. The stock is getting hammered, currently down nearly 20% to $1.16.
  
• Radio Shack (NYSE: RSH) - fell short on both sales and earnings. Shares of Radio Shack are down 20.6% to $8.59.

The SPDR S&P Retail ETF (NYSE: XRT) is trading slightly higher today, up 1.6% to $19.68.

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