KSS

Moving with its classic meme stocks peers

• KSS +5.16% on the last session vs SPY +0.13%: +5.0 pts of stock-specific move.
• Classic meme stocks basket +3.5% (+3.3 pts vs SPY; OPEN +8.8%, BYND +4.3%, AMC +3.4%, GME +2.7%): 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.