ETD - Target and retail were just crushed - these stocks may have been oversold

The crushing week in retail saw mall stocks like Ross Stores (ROST) -22%, Boot Barn (BOOT) -18%, Shoe Carnival (SCVL), Abercrombie & Fitch (ANF) -14%, Chico's FAS(CHS) -13%, Burlington Stores (BURL) -13%, Cato Corporation (CATO) -12% and Urban Outfitters (URBN) -12% all suffer big losses. The declines across specialty retailers were led by Bath & Body Works (BBWI) -24%, Five Below (FIVE) -19%, Conn's (CONN) -18%, Best Buy (BBY) -16% and Williams-Sonoma (WSM) -14%. Analysts are noting that the drops came back without regard to the individual revenue, expenses, and pricing power considerations within the group. Discounters Dollar Tree (DLTR) -20%, Dollar General (DG) -19% and Big Lots (BIG) -18% were also hammered during the week. Ground zero for the retail collapse was Target (NYSE:TGT), which shed 29% following its earnings and guidance bombshell. The retail giant set off a chain reaction when it warned of "rapid shifts" in consumer demand. Target (TGT) CEO Brian Cornell also said the company is "laser-focused" on protecting its value position in

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Target and retail were just crushed - these stocks may have been oversold