These 2 Stocks Are Cashing In on a Golden Opportunity
The stock market's long-term success relies on companies' ability to prosper regardless of industry conditions. Increasingly, investors have looked to the retail sector as a key barometer of the health of the global economy, and positive market movements early Thursday morning signaled their rising optimism about the prospects for the consumer. As of 8:15 ET, Dow Jones Industrial Average (DJINDICES: ^DJI) futures were up 32 points to 35,899. S&P 500 (SNPINDEX: ^GSPC) futures gained 11 points to 4,698, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures picked up 78 points to 16,389.
Big-box department store retailers have made many investors nervous in recent years, as their business models have seemed increasingly vulnerable to e-commerce competition. However, pent-up demand from consumers has led to a renaissance for in-store shopping experiences, and the latest results from Macy's (NYSE: M) and Kohl's (NYSE: KSS) show that brick-and-mortar retailers may yet still have at least one more day in the sun. Below, we'll look more closely at both companies and their latest reports to see what they had to say about the state of the consumer economy.
Shares of Macy's were up nearly 10% in premarket trading on Thursday morning. The venerable retail giant took steps to embrace the digital age even as it saw its core business strengthen.
Source Fool.com
