The Latest Breaking News from ROST

September S&P 500 futures (ESU23) are up +0.22%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.19% this morning as market participants digested the minutes of the Federal Reserve’s latest meeting while watching for fresh indications of weakness in China.

With easing inflation and robust consumer spending, the luxury industry is expected to perform significantly well. Moreover, China’s reopening and growing technology integration should boost the industry’s growth. Hence, top luxury stocks Ross Stores (ROST), Coty (COTY), and Ralph Lauren (RL) could be ideal additions to your portfolio. Continue reading….

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 15 years by 4.72% on an annualized basis producing an average annual return of 10.86%. Currently, Ross Stores has a market capitalization of $25.71 billion.

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years by 3.63% on an annualized basis producing an average annual return of 10.9%. Currently, Ross Stores has a market capitalization of $29.32 billion.

Shares of Ross Stores, Inc. (NASDAQ: ROST) dropped 23.9% on Friday after the company became the latest retail stock to disappoint the market with its first-quarter numbers.

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years by 3.58% on an annualized basis producing an average annual return of 10.26%. Currently, Ross Stores has a market capitalization of $25.52 billion.

Ross Stores, Inc. (NASDAQ: ROST) reported a first-quarter sales declin

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years by 1.0% on an annualized basis producing an average annual return of 12.52%. Currently, Ross Stores has a market capitalization of $35.70 billion.

Credit Suisse has decided to maintain its Outperform rating of Ross Stores (NASDAQ:ROST) and raise its price target from $118.00 to $125.00. Shares of Ross Stores are trading up 3.27% over the last 24 hours, at $100.01 per share.