Shares of Bed Bath & Beyond (NASDAQ: BBBY), a leading home-furnishings retailer, jumped as much as 6.1% higher Wednesday morning (before giving some of those gains back) after other retailers' strong financial results pulled much of the consumer discretionary sector higher. What should Bed Bath & Beyond investors think?
Target Corporation and Lowe's Companies both reported better-than-expected results that pushed their respective stocks as much as 19.3% and 12.4% higher Wednesday morning. And retail juggernaut Walmart reported a solid quarterly result last week that calmed investors' uncertainty and even gave them reason to believe the consumer environment remains healthy.
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