#10: Bon-Ton
YTD Performance: +210%
Bon-Ton Stores (NASDAQ:BONT) is up three-fold year-to-date, thanks to a number of things … but profits certainly aren’t one of them.
The company still is severely pressured by the macro picture — as are many brick-and-mortar retailers, from Abercrombie & Fitch (NYSE:ANF) to J.C. Penney (NYSE:JCP), thanks to weak spending and the rise of e-commerce options like Amazon (NASDAQ:AMZN).
However, a new CEO taking over early this year sparked a rally (and a short squeeze, it seems), and a recent upgrade from KeyBanc Capital markets from hold to buy with a $15 target has helped sustain the rally.
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