Morning Jolt: The Retail Sector Kicks Holiday Shopping Off With a Bang

Here's what holiday shoppers need to know about shopping this season.
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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. 

Target initially fell 15%, TJ Maxx dropped 10%, and Kohl's fell 10%. The group was bouncing back a bit Wednesday. The SPDR S&P 500 Retail ETF (XRT) - Get Report  was up 2% Wednesday. 

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. 

Kohl's is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells KSS? Learn more now.