Stocks opened slightly higher this morning after yesterday's late selloff on a light day for economic releases but a busy day for retail results. Abercrombie & Fitch shares were spiking this morning after it reported adjusted Q4 earnings of $1.34 cents a share, easily topping Wall Street's $1.03 estimate. Net sales shrank 12% to $1.3 billion. Target shares are rising after it posted Q4 earnings of 81 cents a share against estimates of 79 cents despite a cyber attack late last year. Finally, GM said Tuesday it would recall 1.36 million vehicles for potential ignition switch problems.
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