Sears' explosive rally is confounding Wall Street
When Sears announced Friday that its fourth-quarter sales have tanked, the company also promised investors that it has a plan to cut costs that will return it to profitability.
Investors seemed only to focus on the good news. The shares soared 25% — one of the biggest one-day gains in the stock's history.
But the move also prompted some head scratching among Wall Street money managers, industry experts, and analysts.After all, some of the measures Sears touted — specifica
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