You see, a combination of factors — an improving job market, steaming summer temperatures and lower prices — have helped retailers post sizeable sales gains recently.
And that has given their stocks a significant boost.
The Spider S&P Retail ETF (NYSEArca: XRT) proves that American shoppers have bounced back from the economic malaise.
They’re opening up their wallets for new clothes, movies and electronics at XRT components like Macys, Inc. (NYSE: M), Netflix Inc. (Nasdaq: NFLX) and Best Buy Co., Inc. (NYSE: BBY). (more)
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