A majority of earnings from retailers have been horrid this quarter. Whether it is Lululemon Athletica inc. (NASDAQ:LULU), Sears Holdings Corp (NASDAQ:SHLD) or Elizabeth Arden, Inc. (NASDAQ:RDEN), there has not been many bright spots. One stock that gave Wall Street a surprise was Abercrombie & Fitch Co. (NYSE:ANF). After reporting, the stock surged from $33.21 to a high of $38.15. As the markets have collapsed in 2014, ANF has dropped sharply. This gives us an opportunity to buy a retailer who is actually performing for a great price. This looks solid at its current price of $32.52, -0.64 (-1.93%).
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.