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Stocks touched on new highs today, and the earnings outlook suggests big gains are still coming, despite the slow economy, according to one guru.
Both sides of the publication's compilation for 2013 feature retailers and airlines.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
Retailer Costco Wholesale posted a 39 percent increase in quarterly profit, beating expectations, on increasing sales, membership fees and a tax benefit related to a special cash dividend.
Here we go again, the hurricane retail trade ideas are swirling around just like the gusts of Sandy’s wind. But here's the reality check: storms do not help retailers with bad business models.