Why the hell is SHLD rallying like this today!?

readytoretire answered 11 months ago …

Easy, they beat the estimates. They said that they would beat the quarterly estimates, not counting a laundry list of one-time items that they haven't totaled up yet. As most of the retailers had dismal quarters/Christmas sales, they look good. They announced that they only were down 7% from last year (mainly due to K-Mart, which was down only 1.1%), so their stock went up. Compare that to Wal Mart, which same store sales were up 1.7%, but below estimates, so they went down 7%. Go figure. One of these days Sears will have to do something about lowering sales figures.