What Sent These Consumer Goods Stocks Soaring Monday? [The Motley Fool]
THE MICHAELS COMPANIES (MIK)
Last the michaels companies earnings: 3/17 07:00 am
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Source: The Motley Fool
What happenedShares ofGameStop(NYSE:GMEHanesbrandsNYSE:HBIThe Michaels CompaniesNASDAQ:MIKSo whatA likely driving force propelling the broader markets today was recent data from New York State. Gov. Andrew Cuomo announced the total hospitalization rate was essentially flat and that the death toll has continued to drop since its April 9 peak.The improving trends have a small collection of states preparing to reopen parts of their economy with restrictions, part of a multiphase strategy to reduce social distancing while walking a fine line with keeping people safe and the spread of COVID-9 under control. The mere mention of states considering reopening parts of their economy sooner rather than later had shares of manyhard-hit retail and consumer goods businessesYCharts.GameStop could have had more direct reason to be rising after an activist investor group is asking for two seats in the boardroom in addition to dramatic changes to the company's business. The group, which consists of Hes
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