We've got big winners and big losers in the same sectors and that's highly unusual, but it might be indicative of something very big that isn't talked about enough.
Kohl's (KSS) is down gigantically today not unlike Macy's (M) yesterday. These are companies that sell a lot of commodity apparel, the kind that you can now find on the Web, and with easy returns, you would just as soon try them on at home. It is no coincidence that Amazon's (AMZN) up today.
Meanwhile, take a look at Wayfair (W). This is a second-day move for heaven's sake, another seven on top of a 10. Why? Because it is the ultimate category disrupter for furnishings, an online retailer with fantastic customer service -- real live humans, 800 of them -- to help you make an informed decision on expensive furniture, including how to return merchandise if you don't like it. I know Macy's called out furniture but, unbeknownst to pretty much everybody, Wayfair is almost a $5 billion company.
Regular apparel is doing nothing. Look at PVH (PVH). It just sits there. Athletic apparel? Can anything stop Under Armour (UA), Nike (NKE) and Skechers (SKX)?
Home Depot (HD) and everything in it is working and that's gotten Lowe's (LOW) off the dime. Remember housing is going up in value, so homeowners invest in their homes by going to these two stores.
You know what else is working? Have you seen the stocks of two companies that don't compete with anyone public? How about Tractor Supply (TSCO) and Ulta Salon (ULTA). The latter remains totally "go to" on weakness because the beauty chain has a fabulous omnichannel biz, a fantastic loyalty initiative and some amazing same-store sales numbers.
The only segment where everything's working? Drugstores. They are all rocking and may I just point out that Rite Aid (RAD) got a big upgrade from Bank of America? I like it.
Restaurants are harder. Starbucks (SBUX) and Chipotle (CMG) are working. So is Wendy's (WEN). But the rest? Jeez, see Red Robin Gourmet (RRGB).
-- Thank you to Matt Horween for suggesting this great topic.
Amazon and Under Armour are holdings in the Growth Seeker portfolio.
Ulta Salon is a holding in the Trifecta Stocks portfolio.