In a week when its CEO Michelle Gass announced she is leaving to join Levi Strauss & Co., Kohl’s stock is up — but what’s next for the department-store chain? Gass has served as Kohl’s CEO since May 2018. Cowen analyst Oliver Chen says that Kohl’s should look for CEO candidates with branding and merchandising aptitude, particularly around products for women and young people. Read More...
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Dow gets more than 400-point boost from just 4 stocks
Shares of four of the Dow Jones Industrial Average’s components are seeing price gains of more than $10, which are adding more than 400 points to the price-weighted index. Shares of Home Depot Inc. powered up $24.01, or 8.4%, to add 158 points to the Dow’s price; Microsoft Corp. rose $13.78, or 6.1% to provide a 91-point boost; Goldman Sachs Group Inc. gained $11.93, or 3.3%, to add 79 points; and Salesforce Inc. climbed $11.25, or 7.9%, to add 74 points. Combined, those stocks were adding 402 p
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