Two of the hottest stocks on Wednesday were the retailers Abercrombie & Fitch and Dick‘s Sporting Goods . Clothing retailer Abercrombie & Fitch jumped 27% on Wednesday to $193 per share while sporting goods chain Dick’s Sporting Goods rose 16% to $227 per share. Both stocks soared to all-time highs on blowout earnings reports posted Wednesday morning. Thus far, this has been a strong year for retail stocks, which are up about 20% year to date .
“Our core strategies and execution are delivering strong results, and we are continuing to gain market share as consumers prioritize Dick’s Sporting Goods to meet their needs. Because of our strong Q1 performance, our expectations for continued robust demand from athletes and the confidence we have in our business, we are raising our full year outlook,” said President and CEO Lauren Hobart in the earnings report.