Three Retail Stocks To Watch As High-End And Specialty Plays Bounce On Recovery Hopes

Recovery hopes have reignited the retail trade. High-end and specialty retail stocks including Ulta Beauty, PVH and Levi Strauss are on the rise this week following word of a 90% effective Covid-19 vaccine that rekindled hopes of a sooner-than-anticipated economic recovery. Ulta has gained nearly 23.5% this week. PVH has jumped more than 21.5%, Guess is up almost 14%, Levi is more than 11% higher and Coach parent Tapestry has gained about 7%. But “playing the apparel wars game is tricky,” Strategic Wealth Partners CEO Mark Tepper told CNBC’s “Trading Nation” on Tuesday. “It’s really tough to figure out whether people want to dress back up again,” he said. “It looks more like a brick-and-mortar revival trade to me. Will a vaccine cause a mad rush of people to go to the mall? I don’t think so. I mean, foot traffic was dying before Covid. I find it next to impossible to believe that this causes it to slingshot back.” Read more at CNBC.