| Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events. DOWN, BUT NOT OUT?
Nordstrom surprised the street on Thursday, posting a better-than-expected report for the third-quarter, while narrowing its 2019 earnings forecast. Total sales were down 2.2 percent over the past year, but that was in-line with analysts' expectations. In response, the stock soared on Friday, posting its best day since August. Despite Friday's gain, shares of the department store are still down over 18 percent this year. But history says the stock could push even higher through the holidays.
Over the past decade, shares of Nordstrom have had similar gains on 5 other occasions - a month after those moves the bullish trend tends to continue with the stock adding another 4 percent, trading positively 60 percent of the time.
 RIGHT ON TARGET
Shares of Target surged on Wednesday, after the company topped Wall Street's estimates by a wide margin, while raising its profit guidance for the full year. The retailer saw its digital sales jump 31 percent - its same-day pickup option making up 80 percent of that growth. The stock hit an all-time intraday high following the results, with shares now up over 90 percent this year.
Over the past decade, following moves of similar magnitudes, the trend tends to continue with the stock gaining another 5.7 percent, trading positively 80 percent of the time the following month.
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Jumat, 22 November 2019
These stocks have had big moves, but history says they could have more to go...
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