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It could be a red hot holiday season for retail

November 13, 2012: 2:25 PM ET

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.

retail_guru  US retail Super Tuesday Qs = mostly above-plan sales in sign of consumer health; Retail managing stock & expenses well $KORS $DKS $HD $TJX

The other day I had $HD as an $AAPL-like parabolic stock, vulnerable b/c of its slowing revs. Not with these numbers. #eatingcrow

TJAnderson: $HD making all time highs off chatter on the conference call...said they didn't factor numbers from Sandy into guidance !!!

Hurricane Sandy might continue helping Home Depot, but companies like Dicks Sporting Goods had even more surprising reasons for a sales pickup: gun sales.

firstadopter: $DKS call: firearms sales very strong (sigh) "spiked since the election"

Overall, it appears that the luxury retailers, such as Saks, are giving traders the most reason to pause right now.

BrianSozzi: Man, pretty weak when you sell really really expensive stuff and only have an operating margin of 4.6% $SKS

retail_guru: Web business helping both Neiman & Nordy gain substantial share vs Saks; $SKS, as usual, first to use #Sandy excuse to lower the Q4 bar

  • Investors still pulling money off the table

    With the two-day market shutdown due to Hurricane Sandy, investors didn't do much with their money last week.

    Overall, they pulled $488 million from long-term mutual funds in the week ended Oct. 31, according to the Investment Company Institute.

    But that's far less than normal.

    During a typical week this year, investors have injected an average of $5 billion into mutual funds.

    The limited activity was partly due to the closure of U.S. MORE

    - Nov 8, 2012 2:22 PM ET
  • Whole Foods hurt by Sandy

    Whole Foods (WFM) warned shareholders that it will take a one-time charge for losses related to Hurricane Sandy. Investors raced out of the stock, causing it to drop more than 5% Thursday.

    The Sandy-related worries forced investors to ignore an otherwise solid quarter in which sales spiked 24%. Sales at stores open for more than one year jumped 8.5%, and profits rose 49%. Whole Foods CEO John Mackey said the MORE

    - Nov 8, 2012 1:51 PM ET
  • Stock certificates feared damaged by Sandy

    Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy.

    The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault "are likely damaged," after its building at 55 Water Street "sustained significant water damage" from the storm that battered New York City's financial district MORE

    - Nov 2, 2012 11:52 AM ET
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