ROST - Retail check: Ross Stores Guess and Bed Bath & Beyond gain after margins fears ease a bit

A wave of solid earnings reports from Duluth Holdings (DLTH +17.7%), Five Below (FIVE +4.4%) and Express (EXPR +14.2%) is giving a lift to select apparel retail, specialty retail and discounter stock. The general vibe is that margin rates are holding up a little bit than anticipated due to leveraging benefits at higher sales volume. There have been more surprises to the upside with sales, profit and margin guidance as well. U.S. retail foot traffic rose 31.9% last week compared to a year ago and online sales are still tracking strong compared to 2019. Traders also think the market has digested the near-term Omicron developments as well. Notable gainers include Guess (GES +6.7%), Ross Stores (ROST +5.8%), TJX Companies (TJX +3.3%), Burlington Stores (BURL +4.7%), JOANN (JOAN +7.2%), Designer Brands (DBI +6.2%), Ollie's Outlet Holdings(OLLI +2.9%), TJX Companies (TJX +3.3%), Bed Bath & Beyond (BBBY +5.9%), Sally Beauty (SBH +5.8%),

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Retail check: Ross Stores, Guess and Bed, Bath & Beyond gain after margins fears ease a bit