Diamonds and Dogs

11/25/24

The retail stocks like the new Secretary of Treasury pick as the sector jumped 3%. Bath and Body Works jumped 17% on earnings. Target is bouncing back 4% on an upgrade while Dicks Sporting Goods is up nearly 3% ahead of earnings tomorrow.

Macy's (M) is down 2% as they have to delay their quarterly results to get their accounting accurate. Management did say revenue should be above guidance. On a separate note, NBC and Peacock who have broadcast the Macy's Day parade since 1953 will sign a new contract and pay $60,000 million a year. The Parade drew an audience of 30 million viewers last year.

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