This week's best performers include several retail stocks and one exchange operator

It hasn't been the best week for the broader market. The S & P 500 is down about 1% week to date, as investors weighed fresh commentary from Federal Reserve officials on inflation and monetary policy, which heightened concerns of even higher interest rates. Several retail stocks bucked the overall market trend, however, on the back of strong quarterly reports. Walmart , for example, lifted its financial guidance and posted quarterly earnings that beat expectations.

Other retail stocks were also on pace to cap off a positive week. Bath & Body Works was the second-best performing stock, with shares surging more than 12% after topping expectations. TJX Companies ' stock also hit a fresh high, surging nearly 8% on solid earnings. About two-thirds of analysts say the retailer is a buy and offers more than 7% upside given its consensus price target. Daniel Loeb's Third Point also disclosed new positions in both retailers .

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target estimates 'organized retail crime' could cost company $600MTarget's CFO said he expects the company's gross margin to be reduced by $600 million for the full year, and said it's not just an issue for them. Is that code for unpunished shoplifting gone wild? Put guards at doors. 4 to each big set of doors. In uniform! With spray for faces! Armed guards are the best deterrents. Also EVERYONE must show their receipt before leaving.
Source: 10News - 🏆 732. / 50 Read more »

Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategyStocks slumped on Wednesday after Target reported a sales decline. I Yeah and Cramer should try smokin weed instead of crack. Lol Propaganda. Heresy.
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks slip, dollar steady as retail sales tip Fed outlookGlobal stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes.
Source: Reuters - 🏆 2. / 97 Read more »