Why American Eagle Outfitters Is Rising Today
Shares of American Eagle Outfitters (NYSE: AEO) are rising 6% in morning trading Wednesday on no apparent company-specific news but with apparel retailers generally running higher.
Investors may be reacting to the strong earnings report of Urban Outfitters (NASDAQ: URBN), which reported a surprising profit after the market closed yesterday. American Eagle is scheduled to report its own financial results in two weeks, and the market may be thinking it could notch a performance similarly above expectations.
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Source Fool.com
