Amazon didn't kill the retail trade. Here's the proof, says expert

Recent moves by retail stocks prove that Amazon hasn't been able to squash all of its competitors, according to Susquehanna's Stacey Gilbert.

When Gilbert inspected the action in the XRT, an equal-weighted collection of retail stocks that includes names like Wayfair, Party City and Macy's, one notable trend stood out. Still, it's more important than ever to pick and choose your holdings when it comes to retail rather than trusting a broad-based basket, Gilbert said. She pointed to Foot Locker's stock, which is positively rated by Susquehanna for its popularity with customers, operational discipline and partnerships with top athletic brands.

Bill Baruch of Blue Line Futures was slightly more positive on retail, telling"Trading Nation" that"[Wednesday's] strength cannot go unnoticed."

Expert!! Hahaha

That's like trying to say it wasn't an iceberg that did in the Titanic... it was a walrus who had his tusks out of the water as the ship passed by...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett Bought Only One Stock In This Sector-And It's ExplodingMany investors assume there are only two types of retailers: a. Those that Amazon has already put out of business… b. and those that Amazon will soon put out of business. But there’s a third type of retailer that Amazon can never disrupt. It’s what I call an undisruptable business.
Source: Forbes - 🏆 394. / 53 Read more »

Amazon exec says A.I. in health care is finally moving beyond hypeAmazon's senior health leader, Taha Kass-Hout, talks up the company's advances in artificial intelligence.
Source: CNBC - 🏆 12. / 72 Read more »