Kohl’s Rallies 7% on Rotation Into Beaten-Down Retail, Macy’s Climbs 3%, Abercrombie & Fitch Slips
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Money is rotating back into beaten-down department store names this Wednesday morning, with buyers paying up for a quarter they discounted just a week ago. The peer spread across the sector shows why this is rotation rather than a retail-wide rally, since the cheap names are climbing while the specialty winner is giving back gains.
Kohl̵
Money is rotating back into beaten-down department store names this Wednesday morning, with buyers paying up for a quarter they discounted just a week ago. The peer spread across the sector shows why this is rotation rather than a retail-wide rally, since the cheap names are climbing while the specialty winner is giving back gains.
Kohl̵
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