Retail wreck rolls on, but these names could hedge against weakness

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Retail wreck rolls on, but these names could hedge against weakness $XRT (via TradingNation)

on Thursday. "We've just seen a period of consolidation. This is a five-year chart. We're just now moving off the lower end of support and it looks like we still have resistance levels that we need to chop through at the $2,000 mark."

"If we get up through $1,850, no reason we shouldn't be able to go up and close that gap and, of course, that puts us back up to $2,000. I hold the stock, I added to it two weeks ago, I continue to like it," Gordon said., CEO of Chantico Global, said retail headwinds will continue in 2020, but agrees that Amazon is one sure bet.

"The challenges that face the retail industry will continue to face the retail industry and I would say that as we go into 2020 we're probably going to see continued consolidation," Sanchez said during the same segment. "Even though companies like Macy's are spending a lot of money getting their e-tailing game, they're running to stay in place and I think Amazon is really the way to play that which is to just go digital.

 

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