Diamonds and Dogs
Kohl's (KSS) is on a tear. After a year that most retailers would like to forget, 2018 and December/November of 2017, have been good to the old box retailers. Kohl's jumped 4% today after Jefferies raised their price target to $100 from $66. Kohl's has received a number of upgrades recently as the stock has risen over 60% in the last three months. Kohls is acting more like Amazon than Amazon.
After nearly six full years, IBM (IBM) managed to bring in more revenue year over year, but shareholders didn't care selling the stock off by 4%. Revenue rose 3.6% to $22.54 billion. Fourth-quarter cloud revenues increased 30 percent to $5.5 billion. IBM beat earnings estimates by a penny. For 2018 earnings estimates are flat, but everything is starting to point in the right direction for IBM.