Why Kohl's, American Eagle, and Abercrombie Popped
As you've probably heard by now, shares of Walmart (NYSE: WMT) jumped nearly 6% in afternoon trading today after the retail giant reported a big earnings beat -- $0.14 more than analysts were expecting. Responding to that good news, shares of other retailers are enjoying bounces of their own -- indeed, several of them are rising even more than Walmart itself. As of 1:40 p.m. ET, shares of American Eagle Outfitters (NYSE: AEO) are gaining 9.4%, Kohl's (NYSE: KSS) stock is up 9.5%, and Abercrombie & Fitch (NYSE: ANF) is knocking it absolutely out of the park with a 13% gain.