Who’s ready to jump back into shopping mall stocks?
SHLD is higher by 10.3%, M +3%, CONN +11%, TLYS +4.6%, ANF +4,4%, GES +3%, RH +4.3%. Look at all of them gains.
Separately, AMZN broke $1,000 to the upside, based off market share gains in the shopping mall.
In other words, retail stocks are shooting higher because traders think losing market share to Amazon is somehow an enticing proposition for profits.
For the youngsters out there, please know that, eventually, fundamentals mean something. The day to day fluctuations are often misinterpreted and trades are mistaken for trends.
This is the true state of retail.
AMZN v M over the past 5 years.Twitter