Buy American... Eagle? (NYSE:AEO)

American Eagle has gone on a large run since May 26 after the stock had crashed from what was perceived as a weak quarter 1. Allan Edwards the CEO of The Markets Are Open stated "since retail stocks give information at the beginning of each month on their monthly sales report, investors love to punish and reward them." Edwards is discussing the large swings seen in retail stocks. Since American Eagle was recommended on May 26 at The Markets Are Open the stock has increased by 32%. American Eagle reported 4% comparable store growth and 4% sales growth for the month of September.

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