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Retail Winners & Losers: Big Bank Bounce

Stock quotes in this article: BBY , NFLX , BEBE , FL , PSMT , CHRS  

(Update stock prices at the market close throughout.)

After a rocky morning, retail shares recovered in afternoon trading, resulting in several winners in the sector.

Hope that banks could report strong earnings in the next few weeks and the hope of better-than-expected earnings reports in the sector, sent the S&P Retail Index up 2% to 316.48 in afternoon trading.

Best Buy(BBY Quote) received a boost on Monday after an Oppenheimer analyst upgraded the electronic retailer to outperform from perform. ...

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