Why Brick-and-Mortar Retailers' Stocks Are Surging Today
Shares of many retail-chain companies were rising on Tuesday morning as investors in consumer discretionary stocks grew more optimistic about the post-coronavirus recovery in North America and Europe.
Here's where things stood for these companies' stocks as of 11:45 a.m. EDT, relative to their closing prices on Monday.
All of these companies' stocks have been hit hard since the onset of the coronavirus pandemic in North America, and for an obvious reason: All of them closed their brick-and-mortar stores in mid-March, all have lost a lot of revenue, and it's still not clear when they'll be able to reopen.
Source Fool.com
