UPDATE: Call Buying Activity in Macy's (M) Targets Holiday Shopping Catalyst and 4% Upside in Shares by Mid-December -Susquehanna
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Retail Stocks See Big Gains as Traders Rotate Out of FANGs, Payment Stocks
November 29, 2017 10:16 AM ESTAs FANG and payment stocks get hit, many retail stocks are notably higher:
Abercrombie (NYSE: ANF) 3.4%American Eagle Outfitters (NYSE: AEO) +3%Bed Bath & Beyond (NASDAQ: BBBY) +5.9%Big Lots (NYSE: BIG) +2.4%J C Penney (NYSE: JCP) +2.7%Nordstrom (NYSE: JWN) +5.5%Kohl's (NYSE: KSS) +4.5%Macy's (NYSE: M) +6%... More
Nasdaq falters as investors flee tech for banks
November 29, 2017 7:42 AM ESTBy Lewis Krauskopf
(Reuters) - The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.
Gains in financial, industrial and healthcare stocks boosted the Dow industrials, giving the blue-chip index another record closing high, and they helped the benchmark S&P 500 index finish near flat.
The S&P tech sector , which has propelled the market's record-setting rally... More
