Why The Children's Place, Teva Pharmaceutical Industries, and Sears Holdings Jumped Today
Indexes fell again on Wednesday, posting somewhat larger losses that made some look more closely at just how long the bull market has persisted. The Dow Jones Industrial Average finished down triple digits on the day, while other major benchmarks lost roughly 0.5%. The same stories seemed to capture the attention of most investors, including the ongoing evolution of tax reform on Capitol Hill and uncertainty about the future direction of interest rates. Some also pointed to the oil markets, where crude prices dropped back toward $55 per barrel. Yet some stocks had strong gains, and The Children's Place (NASDAQ: PLCE), Teva Pharmaceutical Industries (NYSE: TEVA), and Sears Holdings (NASDAQ: SHLD) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of The Children's Place rose 6% after the children's specialty apparel retailer reported favorable financial results for its fiscal third quarter. The company said that its comparable retail sales rose more than 5% during the period, marking the eighth straight quarter in which Children's Place has had positive comps. Despite negative factors like major hurricanes and the bankruptcy of key competitor Gymboree, Children's Place kept growing its adjusted net income and has seen a good start to the current quarter. After having previously shown its strength in the key back-to-school period, Children's Place looks well-poised for continued success.
Image source: The Children's Place.
Source: Fool.com
Childrens Place Retail Store Stock
Our community is currently high on Childrens Place Retail Store with 3 Buy predictions and 1 Sell predictions.
With a target price of 30 € there is potential for a 302.68% increase which would mean more than doubling the current price of 7.45 € for Childrens Place Retail Store.
