The Dow is hanging out at its best level in a half-year, and you might be wondering what’s gotten into this market.

Retail stocks deserve credit for powering the broad market higher, say StockTwits co-founder Howard Lindzon and MarketWisdom.com co-founder Ivaylo Ivanov for our call of the day.

The sector, whose biggest ETF XRT, +0.53% just scored an all-time high, features lots of winners that stock pickers ought to be tracking, according to Lindzon and Ivanov.

“The retail sector is the clear leader right now. We’re seeing so many breakouts in consumer stocks and in retailers,” Ivanov said during the duo’s weekly show.

The pair has named names, noting Best Buy BBY, +1.20% and Lululemon LULU, -1.13% have notched record closes. They also have flagged recent multiyear highs for Michael Kors US:KORS , Restoration Hardware parent RH RH, +0.62% , Boot Barn BOOT, +3.14% and Tilly’s TLYS, -3.56% .

The biggest retail ETF is hitting new heights.

See:Best Buy is buying into health tech and analysts are gushing

And read:U.S. retail sales show midsummer muscle

The sector has its share of carnage, Lindzon acknowledged.

“Retail really is dead if you’re J.C. Penney US:JCP , if you’re Sears US:SHLD ,” he said.

But he’s upbeat on companies that seem to be changing more with the times. He sees potential for a re-imagining of the mall if the streaming-video heavyweights start using movie theaters for more than just standard showings of feature films. There is chatter around theater chains after last week’s news that Amazon AMZN, +1.98% might buy Landmark.

“The mall is not dead. If Amazon and Netflix get into the retail movie business, this is just a humongous boon for the last-standing stores in the mall,” Lindzon said.

Restaurant stocks such as Chipotle CMG, +1.38% are bouncing back as well, the duo pointed out. That’s as spending at restaurants reportedly surges to an all-time high.

“They don’t look as good as other retailers, but still they’ve come a long way since their lows,” Ivanov said.

Check out:Walmart’s surge drives up retailers, negates J.C. Penney’s plunge

Also read:These 3 sectors are scoring fresh highs like clockwork

Check out their full show below.

Key market gauges

Futures for the Dow US:YMU8 , S&P 500 US:ESU8 and Nasdaq-100 US:NQU8 are slightly higher. That’s after the Dow DJIA, +0.90% , S&P SPX, +1.19% and Nasdaq Composite COMP, +1.80% on Monday closed with gains for a third session in a row, handing the blue-chip gauge its best finish since Feb. 1.

The dollar DXY, +0.27% is falling again following news that President Trump criticized Fed chief Jay Powell. Europe SXXP, -0.09% is mostly advancing, after Asia ended mixed. Gold US:GCZ8 is gaining, oil US:CLU8 is also up, and bitcoin BTCUSD, +0.82% is changing hands around $6,400.

See the Market Snapshot column for the latest action.

The chart

Adidas’s stock chart is getting a bit more attention than usual after Kanye West tweeted it out late yesterday.

He’s not a neutral third party, having created the Yeezy line for the sneakers giant. The company’s German-listed shares ADS, +0.50% ADDYY, +0.09% are close to notching a fresh all-time high, as shown in the tweet above — and the chart below.

Read more:Kanye West gifts Kim Kardashian a blue-chip stock portfolio

And see:Here’s how Adidas’s stock could double

Is that a Stan Smith chart pattern?

The buzz

Home builder Toll Brothers TOL, +1.02% looks set for an up day after posting earnings before the opening bell. Medtronic MDT, +1.70% , Kohl’s KSS, -2.16% , J.M. Smucker SJM, +0.74% , TJX TJX, +0.12% and Coty COTY, -2.88% also have reported ahead of the open.

Here’s how the bitcoin bust has been disastrous for latecomers.

Mondelez’s MDLZ, +0.45% animal crackers are no longer behind bars.

TD Ameritrade AMTD, +1.07% , Schwab SCHW, +0.99% and E-Trade ETFC, +0.68% appear on track for down sessions following news that J.P. Morgan JPM, +0.29% may offer free trades.

The Trump administration has moved to overturn Obama-era environmental rules on power-plant emissions, a long-telegraphed action designed to help coal-burning plants.

The quote

“This activity is most fundamentally focused on disrupting democracy.” —Brad Smith, Microsoft’s MSFT, +1.95% president and chief legal officer, talks about the company’s discovery of new Russian hacking attempts targeting political groups ahead of the midterm elections.

See:Russian hackers expand targets to conservative groups ahead of midterm elections

Women Are Running for Office in Record Numbers

Random reads

Meet the projectionist who puts protest messages on D.C.’s Trump hotel.

A Confederate statue at UNC was toppled last night by protesters.

“Although he wasn’t familiar with Elliott Management, an unsettled feeling came over him.”

The last known Nazi collaborator living in the U.S. has been deported.

The oldest and thickest ice in the Arctic is starting to break up.

Madonna’s “tribute” to Aretha Franklin at the VMAs hasn’t gone over well:

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