PLAN - Hot Stocks: More retailing woes; GES rallies; MOV hits high; KURA clinical hold; PLAN sets low

Retail stocks remained in focus during Wednesday's trading as Wall Street headed into the Thanksgiving holiday and the Black Friday kick-off to the annual Christmas shopping bonanza. Even as retailers prepare to enter their busiest time of year, a pair of weak earnings reports sparked a broad retreat in the sector. Gap (NYSE:GPS) and Nordstrom (NYSE:JWN) led the decline after releasing disappointing quarterly results, with each falling more than 20%. Meanwhile, Dillard's (NYSE:DDS), Macy's (NYSE:M), Tapestry (NYSE:TPR) and Foot Locker (NYSE:FL) all lost ground as well. It wasn't all gloom and doom from the retail space, however. Guess (NYSE:GES) posted a double-digit percentage gain following the release of impressive earnings and a dividend increase. In another pre-Christmas play, Movado Group (NYSE:MOV) built on Tuesday's earnings-inspired rally to set a new 52-week high. But elsewhere in the market, Kura Oncology (NASDAQ:KURA) dropped after regulators put a partial clinical hold on one

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Hot Stocks: More retailing woes; GES rallies; MOV hits high; KURA clinical hold; PLAN sets low