Retail stocks rebound on stronger than expected earnings

November 21, 2015 at 8:30PM

Retail rally: Ross Stores gained 10 percent, to $50.84 Friday after reporting results that were better than analysts were expecting. Gap also advanced Friday, its shares gaining 8 percent, to $26.98 after its own quarterly report, and Urban Outfitters rose 3 percent, to $ 23. Retail stocks had been getting hammered over concerns of a broad slowdown in sales after Macy's reported bad results.

Feeling the heat: Dick's Sporting Goods shares dropped 11 percent, to $36.34 ­Tuesday after the company missed expectations with its third-quarter profit and cut its outlook due to slowing demand and warm weather that curtailed sales of seasonal merchandise. Its shares closed the week at $38.98.

Spinoff: ConAgra Foods climbed 4 percent Wednesday to $40.86 after announcing that it would spin off its frozen potatoes ­business. The stock closed Friday at $40.85.

Fully booked: Marriott International said Monday it plans to acquire rival chain Starwood in a $12.2 billion deal that will catapult it to become the world's largest hotelier by a wide margin. Marriott shares declined 2 percent Monday, to $70.44 and finished the week at $72.31. Starwood shares dropped 8 percent Monday to $69.17, closing at $73.11 Friday.

Being courted: Norfolk Southern rose 6 percent to $92.10 Wednesday after ­receiving an unsolicited offer to be bought out by Canadian Pacific. Its shares closed the week at $97.56.

Error message: Citrix Systems slid 10 percent to $70.54 Wednesday on news that the computing company will spin off its GoTo business into a separate company and slash about 1,000 jobs to cut costs. The stock closed Friday at $75.05.

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