This post was originally published on this site
According to a FactSet research report, more S&P 500 companies beat the EPS estimates in the second quarter than on average. Also, the S&P 500 and Nasdaq hit record highs last week on easing concerns about the Fed’s tapering activities.
The apparel industry has been benefiting from rising discretionary spending and increasing online and brick-and-mortar sales. So, we think it could be wise to bet on quality apparel stocks PVH Corp. (PVH), Urban Outfitters, Inc. (URBN), and Shoe Carnival (NYSE:CUK), Inc. (SCVL). These companies reported impressive quarterly results last week, beating the consensus earnings estimates.
