NEW YORK (TheStreet) -- Retail stocks have rallied over the last several months, as investors await what is expected to be a very Merry Christmas for the sector.
Since the end of September, the S&P Retail Index has gained 4.5% to 478.49, which could indicate any good news coming out of Black Friday weekend may already be factored into the stocks.
Overall, Black Friday isn't the best day to base retail trades. While it is generally believed to be the one of the biggest, if not the biggest, sales day of the year, earlier promotions and procrastinating shoppers has made Black Friday more of a marketing hype rather than a day to place a bet.
Still, third-quarter earnings results over the past week have provided additional insight into what investors can expect for the holiday season. For some like Sears (SHLD) and Gap (GPS), third-quarter results and forecasts stirred up some worry on Wall Street.But for others, quarterly results provided much-needed reassurance for investors amid stubbornly low unemployment, decline in GDP forecast, China inflation and other economic worries. >>Black Friday Center In light of all this, we offer a look at retailers whose third-quarter earnings results make the stock a Black Friday buy....
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