In Retail, Home Goods Are Triumphant

The news flow out of retail is ridiculous. On Tuesday we heard terrific things about the consumer from TJX (TJX), Urban Outfitters (URBN), Best Buy (BBY) and Home Depot (HD). You left here last night thinking that things were pretty darned fabulous, and that the problems we heard about from Macy's (M), Nordstrom (JWN), Saks (SKS) and Wal-Mart (WMT) are all about what's going wrong in the department-store business, particularly as it pertains to apparel. We had a weird spring, weather-wise, and there's no doubt about it: With the sequester, higher taxes and higher gasoline prices, things just weren't all that conducive to buying clothes.

But it seems to be limited to clothes. This morning Lowe's (LOW) reported a totally bang-up quarter, showing strength in pretty much everything that goes into a home. It was truly impressive -- so good that you have to say Lowe's is hitting almost on every cylinder. In fact, when you consider where Lowe's had been coming from, this is a remarkable turn. While the stock is up 29% this year, you could see it going higher....605 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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