What Retail Bloodbath?
May 27, 2016 at 13:40 PM EDT
Oppenheimer put out a note yesterday called "Retail Bloodbath Continues," which focused on the extreme drops in Abercrombie & Fitch ( ANF ) and Chico's FAS ( CHS ) yesterday. Today, all that seems forgotten, as companies that sell and make retail products like Big Lots ( BIG ), Ulta Salon, Cosmetics & Fragrance ( ULTA ) and Deckers Outdoor ( DECK ) have surged today following earnings releases. Are there any conclusions that can be drawn from their outperformance? Lesson #1: Buy Beauty.