L Brands Inc
Shareholders of stocks such as Nordstrom, Inc.
“We haven’t had retail hell here for a little while, and there have been some pretty good runs in some of these retail stocks,” Dick concluded.
“You’ve got Cyber Monday and the day after Thanksgiving, so you’ve got a lot of events that may determine what kind of holiday season we’re going to have, and it’s not too early to start talking about it,” Elconin added. “Watch out in these retailers. You have a catalyst in L Brands.”
Both Gap and Nordstrom are down more than 2.0 percent on Tuesday following the L Brands news.
Listen to the full interview below:
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|Aug 2016||Goldman Sachs||Upgrades||Neutral||Buy|
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