TGT Stock – Kohl’s Stock Got Slammed After a Strong Earnings Report. It Looks Like a Bargain.
Retailers released incredible earnings this past week. Their stocks were punished accordingly.
Twelve retailers reported earnings in the week through Thursday morning. All 12 beat expectations. Just four traded higher after the release, with the average stock falling 1.7%. The weakness spread across the entire sector, with the SPDR S&P Retail exchange-traded fund (ticker: XRT) finishing the week down 2.6%.