History says the retail sector is on sale right now - here's why...
| Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events. STACKING THE CHIPS
Shares of NVIDIA spiked about 7 percent on Friday after the company topped analysts' expectations for the second quarter. Over the past 5 years, shares have witnessed similar 1-day gains on 12 other occasions. A month later, the bullish trend tends to continue with the chip maker adding another 4.3 percent, trading positively 75 percent of the time.
What's more, NVIDIA's outperformance tends to lift the rest of the industry. Shares of the Semiconductor ETF, the SMH, trade positively 83 percent of the time, with an average return of 3 percent.
A RISING WALMART LIFTS THE REST OF RETAIL? Walmart jumped over 6 percent on Thursday after reporting a strong second quarter, and raising its full-year guidance.
Since 2010, the stock has enjoyed similar moves on just 4 other occasions – a month later, shares of the retail giant tend to be a bit muted, trading positively just half of the time, with an average gain of 1.6 percent. But perhaps more interestingly, The SPDR S&P Retail ETF, the XRT, seems to benefit the most – it's traded positively in all 4 instances, with an average gain of 5.9 percent. 
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