KSS

Moving with its classic meme stocks peers

• KSS +4.11% on the last session vs SPY −0.00%: +4.1 pts of stock-specific move.
• Classic meme stocks basket +2.6% (+2.6 pts vs SPY; OPEN +6.8%, BYND +4.1%, GME +2.5%, GPRO -1.7%): the stock moved with its peers.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.