Record-breaking Black Friday sets up fourth-quarter success after rough week for retail

Despite the rough week for retail stocks, investors have reason to believe that the fourth quarter will be a good one for the sector after what Wells Fargo analysts call a successful Black Friday week.

The SPDR S&P Retail ETF XRT, +1.52% fell 3.4% for the week ending Black Friday, November 23, after falling 4.5% the week prior. Target Corp. TGT, +1.56% shares fell more than 11% on Wednesday and 15.5% for the week, with investments in areas like technology taking a toll on margins. Other retailers like Walmart Inc. WMT, +0.54% and Kohl’s Corp.

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