Ross Stores Stock Had Its Best Week Ever. Here's Why.

At a glance: Ross Stores beat Q3 earnings expectations with $1.58 per share (vs. $1.42 expected) and 10% sales growth while tech stocks crashed Foot traffic surged 9.4% as consumers hunt for deals amid weakening sentiment and inflation concerns The company raised full-year guidance, announced 40 new store openings, and bought back $262 million in stock Tech and AI stocks went through hell and back this week as concerns about a bubble became mainstream. Nvidia (NVDA) dropped, Palantir (PLTR) tanked, ...