Stocks Off the Bottom
After the downdraft earlier this week in the markets, stocks began climbing their way back up again, led by some of the most recently battered groups, such as retail, financials, and even the woebegone homebuilders. Kohl’s, Inc., (NYSE: KSS) is one retailer which got a bounce back this week. Kohl’s had earlier descended as low as 37.31 a share for a twelve-month low, off from its twelve-month high of 79.55. This whopping 53 percent drop happened due to the slowing of earnings growth, along with the expected further slowdown of consumer spending due to recession fears. Kohl’s still has a…