ZUMZ - Investors get off the couch to snap up mall and restaurant stocks again
Pfizer's announcement early this morning of a 90% efficacy rate for its COVID-19 vaccine in initial testing has investors scrambling. In the Internet retail sector, big early drops are being seen for Wayfair (W) -12.67%, Etsy (ETSY) -12.17%, Overstock.com (OSTK) -11.99%, Chewy (CHWY) -9.44%, eBay (EBAY) -7.55% and Blue Apron (APRN) -4.05% in a reset on the popular buy-from-home, eat-at-home and work-from-home trades.The flip side of that is some huge gains in mall stocks and restaurant names.Urban Outfitters (URBN) is leading the charge for apparel chains with a 29.55% jump. Other notable movers include Ross Stores ([[ROST]] +16.9%) Burlington Stores ([[BURL]] +15.2%), Gap ([[GPS]] +10.3%), Children's Place ([[PLCE]] +21.1%), Boot Barn ([[BOOT]] +10.3%), Guess ([[GES]] +14.3%), Tilly's ([[TLYS]] +10.1%) and Zumiez ([[ZUMZ]] +11.3%).In the restaurant sector, there are stunning gains for Ruth's Hospitality ([[RUTH]] +26.7%), Shake Shack ([[SHAK]] +20.2%), Bloomin' Brands ([[BLMN]] +20.6%), Texas Roadhouse ([[TXRH]] +14.8%), Denny's ([[DENN]] +22.8%) and Cracker Barrel ([[CBRL]] +21.6%).Read more on the
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Investors get off the couch to snap up mall and restaurant stocks again