Market Wrap

I apologize for the lack of posts today. My day was full of meetings today. Sometimes my day job occupies all of my time.

Anyway, today was a pretty benign day following yesterday's big spike. The markets were down early in the morning, but recouped most of their losses by the close. And GOOG, somewhat of a bellweather, had a big day today coinciding with its analyst day.

Retail sales were a mixed back. ANF and CHS were hit the hardest, while KSS was up. Here is how some of the company's same-store sales fared in February:

• CHS: +5.7% (vs. +8.7% consensus)
• ANF: +5.0% (vs. +13.6%)
• SHRP: -31% (vs. -8.3%)
• WAG: +5.7% (vs +5.9%)
• GPS: -11% (vs. -6.9%)
• WMT: +3.2% (vs. +3.1%)
• JWN: +4.9% (vs. +3.5%)
• KSS: +3.4% (vs. +1.4%)
• TGT: +3.6% (vs. +3.2%)
• CTRN: +11.7% (no consensus)
• ZUMZ: +28.0% (no consensus)

long GOOG, KSS, WAG