Ahead of Black Friday and the holiday shopping season, some retailers are looking rosy.
Michael Kors (KORS), Dicks Sporting Goods (DKS), TJ Maxx (TJX), Saks (SKS) all reported their latest quarterly results Tuesday. Shares of each moved higher. Home Depot (HD), which isn't as much of a Black Friday beneficiary, also posted strong results and cited the ongoing housing recovery. Shares of Home Depot and Dicks Sporting Goods each jumped more than 4%.
Investors appear generally pleased with consumers' shopping habits and are optimistic going into the holiday shopping season. Many on StockTwits are too.
Hurricane Sandy might continue helping Home Depot, but companies like Dicks Sporting Goods had even more surprising reasons for a sales pickup: gun sales.
Not a member yet?Sign up now for a free account
|'Crouching Tiger' sequel to hit Netflix and theaters simultaneously|
|EBay spinning off PayPal as separate company|
|Why everybody is moving to Texas|
|Premarkets: 4 things to know before the open|
|Apple iPhone 6 finally cleared for launch in China|