Why Retail Stocks Are Loving the GOP Tax Plan
Investors have fled retail stocks this year as worries mount regarding the "retail apocalypse". Brick-and-mortar chains have announced more store closings than any previous year on record. However, after a mostly miserable year for the industry, something surprising happened in the past month.
Brick-and-mortar chains have surged on a combination of better-than-expected earnings reports from industry bellwethers like Macy's (NYSE: M), Wal-Mart (NYSE: WMT), and Gap (NYSE: GPS), strong sales over the Black Friday weekend, and hopes for the ultimate passage of the Republican tax plan going through Congress.
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Source: Fool.com
Kohl's Corp. Stock
€20.65
-1.070%
With 7 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 23 € shows a slightly positive potential of 11.38% compared to the current price of 20.65 € for Kohl's Corp..
