Shares of L Brands (NYSE: LB) gained 18.7% last month, according to data provided by S&P Global market Intelligence. There was no company-specific news to send the share price up. The retail industry got caught up in the trade war in August, which sent the stock tumbling. But as September rolled around, investors realized the economic situation might not be as bad as many feared.
It also helped that during L Brands' fiscal second-quarter conference call in late August, management disclosed that the company is not as exposed to tariffs on Chinese imports as other retailers, which likely buoyed investor confidence.
Image source: L Brands.