The SPDR S&P 500 ETF Trust (NYSE: SPY) 500 declined for the fourth consecutive week as the stock market completed its worst year in more than a decade.
A powerful, and windy winter storm — dubbed a "bomb cyclone" due to the plummeting barometric pressure — is blasting its way across the U.S. and Canada. affecting over 200 million people ahead of the year's busiest travel days.
Winter Storm Elliott is sweeping across the U.S. just in time to potentially create disruptions for the holiday weekend.
While the potential bomb cyclone may disrupt critical holiday sales for some companies, it could also be a Christmas gift for winter weather stocks.
Wells Fargo raised Ross Stores, Inc. (NASDAQ: ROST) price target from $120 to $135. Wells Fargo analyst Ike Boruchow maintained an Overweight rating on the stock. Ross Stores shares fell 0.9% to close at $114.92 on Friday.