FORGET APPLE: Auto And Retail Are Really Moving Markets Today

sears

The Nasdaq is down roughly 1% while the Dow and S&P 500 hover near -0.50%. Retailers are the big story this week, as the sector continues to post first quarter earnings. Sears and Wal-Mart have shot up, while GameStop and ANF continue to struggle.


Winners:

Sears Holdings (SHLD): Up 9.3% Sears Holdings reported a much smaller loss than expected, and have seen their stock surge on the good news.

Wal-Mart  (WMT): Up 5.0% Wal-Mart reported better than expected first quarter results, and had a gain in same-store sales.


Losers:

GameStop (GME) Down 8.6% — Gamestop’s first quarter earnings fell to 54 cents per share from 56 cents per share a year ago, sparking a sell off this morning.

O’Reilley Automotive (ORLY): Down 6.2% — Advance Auto Parts saw a meaningful slowdown in sales, which has caused O’Reilley’s stock to dip.

Abercrombie & Fitch (ANF): Down 6.2%—After an abysmal earnings report yesterday, ANF continues to get killed in the market.

AutoZone (AZO): Down 5.5%—Much like O’Reilley, AutoZone’s stock is getting pummelled due to the poor news from Advance Auto Parts.

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