Retail Stocks Still Look Cheap

The retail apocalypse has been canceled. Just a year ago, the sector had been left for dead, a victim of Amazon.com (AMZN). But something funny has happened on the way to oblivion—retailers have bounced back. And not just a little bit. After dropping 25% from its 2015 high to its 2017 low, the SPDR S&P Retail exchange-traded fund (XRT) has gained 35%. It even closed at a new all-time high last week, despite the turmoil that engulfed global markets. Read more at Barron’s.