Retail Surprises, Regulations Pass House, Markets Mixed
The Nasdaq was the only laggard on an overall strong day on the Street. A positive surprise in retail sale numbers combined with a gain in business inventories powered the bullish surge. The stock market shrugged off potential issues that may be part of the most comprehensive Wall Street regulatory bill in history, as it was approved by the House of Representatives today. The DJIA advanced +65.67 to 10471.50, the laggard Nasdaq slipped -0.55 to 2190.31 and the broad based S&P 500 gained +4.06 to 1106.41.
Christopher & Banks
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PowerRating): Soared 26.91% or $1.62 to $7.64/share upon crushing the average analyst’;s earnings estimate.
CVS Caremark
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PowerRating): Won a major contract to provide benefits and services to retired Texas teachers sending shares higher by 2.29% or 72 cents to $32.22.
Gamestop
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PowerRating): Climbed 2.55% or 54 cents to $21.72/share on word of a software sales increase.
NCR Corp
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PowerRating): An upgrade from JP Morgan sent shares higher by 9.50% or 93 cents to $10.72.
Gold gave back another $6.60 to $1120.00, oil fell 67 cents to $69.65 and the fear index VIX dropped 3.27 to 21.59.
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