The Zacks Analyst Blog Highlights: Fossil, RH, Office Depot, Urban Outfitters And Darden Restaurants
Zacks Investment Research | Dec 28, 2018 05:18AM ET
For Immediate Release
Chicago, IL – December 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Fossil Group, Inc. (NASDAQ:FOSL) , RH (NYSE:RH) , Office Depot, Inc. (NASDAQ:ODP) , Urban Outfitters, Inc. (NASDAQ:URBN) and Darden Restaurants, Inc. (NYSE:DRI) .
Here are highlights from Thursday’s Analyst Blog:
Craft a Standout Portfolio for 2019 with These 5 Retail Stocks
Santa Claus finally arrived on Wall Street on Wednesday for investors with all three major indices staging an astounding comeback from the bearish territory. Lately, the market got upset from the partial government shutdown, President’s comment over the Fed Chairman and other geopolitical tensions. However, recent positive remarks from the White House, recovery in oil prices and the news that holiday retail sales rose at their best pace in six years provided a much-needed boost.
Major indices like the S&P 500, NASDAQ and Dow Jones Industrial Average gained 5%, 5.8% and 5%, respectively, on Dec 26. We note that apart from Tech and Energy stocks, Retail and Consumer stocks also made their way to the list of best performers. Notably, SPDR S&P Retail (NYSE:XRT) ETF and Consumer Discretionary Select Sector SPDR Fund rose 5.7% and 5.9%, respectively, yesterday.
Retail stocks rose following a report from Mastercard (NYSE:MA) SpendingPulse that stated sales from Nov 1 through Dec 24 increased 5.1% to more than $850 billion. Meanwhile, online sales surged 19.1% during the aforementioned period. Rise in sales not only add to the holiday euphoria but also provide an opportune time to invest in retail stocks for 2019.
Per the latest Zacks Investment Research
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