The markets are in serious flux, but investors are still keen on strong brands and retailers that offer a lot of bang for a buck.
Both Ralph Lauren Corp. and Dollar General Corp. were ahead of their 52-week highs in early trading on Wall Street today. Lauren’s stock rose as much as 2.2 percent to $146.41 and Dollar General was up as much as 1.3 percent to $37.50.
Over the past year, Lauren’s stock has traded as low as $84.25 and Dollar General’s touched $26.65.
Investors have generally been seeking safety, for instance bidding up gold and moving away from the euro as the Europe nations attempt to sort out the bubbling debt crisis.
The S&P Retail Index was basically flat, down 0.39 points to 516.13, in morning trading as the Dow Jones Industrial Average rose 0.7 percent, or 80.11 points, to 11,326.84.
In Europe, where trading was winding to a close, the DAX was ahead 3 percent in Frankfurt, the CAC 40 was up 2.6 percent in Paris and the FTSE 100 was ahead 2.3 percent in London.