They Shoot Retail Stocks Don’t They?
As I look at the stock market action today and recently, it is hard to miss the fact that retail stocks are getting killed. GoPro (GPRO) has been annihilated for a while now but Fitbit (FIT) is joining in as are many others.
As I look at my screen today: FIT -11%, GPRO -7%, Michael Kors (KORS) -5.6%, Lululemon Athletica (LULU) -7.4%, Under Armour (UA) -6.6%, Vipshop (VIPS) -30%, Nordstrom (JWN) -20% and on and on. I wonder what this is saying about the Christmas season. They shoot horses retail stocks don’t they?