Retail stocks are breaking out just in time for Black Friday. Katie Stockton has a bullish pick

  • 📰 CNBC
  • ⏱ Reading Time:
  • 56 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 72%

Breaking News: Markets News

Markets,Spdr S&P Retail Etf,Genesco Inc

The breakdown on under-the-radar retailer Genesco.

As Black Friday approaches, all eyes are on the retailers, which draws our attention to the charts. After a prolonged trading range, the retail sector shows positive momentum ahead of the holidays. The SPDR S & P Retail ETF is decisively through resistance that has been in place for months, and it has seen a notable shift in relative performance versus the S & P 500 this month. The breakout serves as a positive technical catalyst for the retail sector.

All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters.

Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines