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Strategies & Market Trends : stocks for medium & long-term hold durations

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From: rimshot	8/26/2021 4:59:19 PM
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Bloomberg radio & email piece today, August 26, 2021: Second-quarter earnings reports by some of the largest U.S. department-store chains triggered a feast-or-famine reaction among stock investors. Nordstrom Inc. tumbled 17.6% Wednesday after quarterly results proved disappointing. The decline contrasted with gains of 7.3% for Kohl’s Corp. and 19.6% for Macy’s Inc. after they put out figures last week. Nordstrom trailed Macy’s by 37 percentage points, the biggest post-earnings performance gap among the retailers in more than a decade, according to data compiled by Bloomberg. The previous high was 30 points, recorded seven quarters earlier. ---------- Sincerely, David Wilson Stocks Editor, Bloomberg Radio & Television Editor, Chart & Stock of the Day Author, Visual Guide to Financial Markets

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