ameStop (GME), the one that just will not go away, soared 12% on Thursday in a broad market recovery. The move higher in retail stocks was a relief rally following the carnage imposed on the sector by Walmart (WMT) and Target (TGT) earnings. However, solid reports from both Dollar Tree (DLTR) and Dollar General (DG) along with Williams Sonoma (WSM) helped entice investors back into the sector.

Online retail traders are also still a factor despite their number diminishing this year. Volume in GameStop on Thursday was about twice the average as the stock trended heavily across social media platforms. Retail traders are focused on another short squeeze, but we believe that is unlikely to happen.

GameStop Stock News

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