VSCO - Hot Stocks: AMZN planning stores; KSS BBWI VSCO earnings; ILMN pushes ahead with GRAIL
The retail sector was in focus in Wednesday's midday action. Amazon (NASDAQ:AMZN) stole the spotlight from a couple of high-profile earnings reports with a plan to open physical stores. Still, a couple of key retailers announced their quarterly results Wednesday morning. This included Kohl's (NYSE:KSS), which gained ground on its better-than-expected report. Recently split Bath & Body Works (NYSE:BBWI) and Victoria's Secret (NYSE:VSCO) also both reported quarterly results. BBWI gained in midday trading on its financial figures, while VSCO dropped. Outside of retail, Illumina (NASDAQ:ILMN) lost ground in intraday action after it pushed ahead with a controversial acquisition. According to The Wall Street Journal, Amazon (AMZN) plans to open several physical retail locations. The stores will be 30K square feet, the report said, and include items like clothing and household goods. Kohl's (KSS) reported Q2 EPS that almost doubled the expected amount, coming in at $2.48 compared to the consensus
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Hot Stocks: AMZN planning stores; KSS, BBWI, VSCO earnings; ILMN pushes ahead with GRAIL