Retail Stocks Waver After Target Predicts Flat Comp Sales

Retail stocks wavered as the market opened Tuesday after Target TGT predicted flat second-quarter same-store sales growth.

Besides dropping more than four percent, Target was among the most actively traded issues in the pre-market, with more than 200,00 shares changing hands.

Year to date, the sector is down 4.7 percent as measured by the exchange-traded fund SPDR S&P Retail XRT, but many big names in the sector are down by double digits.

Macy's M was down 1.01 percent for the day, while Bon-Ton Stores BONT dropped 0.74 percent.

Wal-Mart Stores WMT fell 0.61 percent and Costco COST fell 0.22 percent.

Posted In: NewsGuidanceMovers
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