Don’t ‘Sift Through The Trash’ For Retail Bargain Buys, Focus On These Top Performers, Strategist Says
by MR Magazine Staff
Aug 23, 2019
When it comes to retailers’ stocks, investors should avoid the “dangerous, dangerous” temptation of shopping in the bargain basement, strategist Quint Tatro says. Target, Home Depot, Lowe’s and Dick’s Sporting Goods shares soared on the back of solid earnings results this week, and the XRT, the ETF that tracks the retail sector, is now on pace for its best week of the year. But it has been a tough environment for retailers as consumers move online and their tastes shift. Seventy-four percent of components in the XRT remain in correction territory, while 63% sit in a bear market. Read more at CNBC.
