The holidays are upon us.
And, of course, that means that the focus on the retail sector is in full swing.
Earlier this week, retailers such as Target (TGT) - Get Report and TJ Maxx (TJX) - Get Report , and Kohl's (KSS) - Get Report all reported earnings that looked good on paper. However, the outlook for 2019 was weaker and the stocks dropped like flies.
Kohl's, which posted sales and profits that beat analyst expectations, dropped in Tuesday trading after the company announced slower growth. Wednesday morning, the stock was rising 2.7%.
In an interview with TheStreet, Jim Cramer discussed Target and Kohl's earnings and why the stocks suffered.