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.
|Egyptian billionaire offers to buy island for refugees|
|Princess Charlotte: Four months old, worth $5 billion|
|Jessica Alba's Honest Company sued for alleged false labeling|
|Apple beaten on rumored iPhone 6S feature by an orange September 04|
|Google: New Chrome is faster and will save your battery|