Retail stocks to watch after February's larger-than-expected sales decline

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Retail stocks to watch after February's larger-than-expected sales decline (via TradingNation)

Gina Sanchez, founder and CEO of Chantico Global, said analysts always expected higher retail growth in the spring than the winter.

When it came to the reopening, Sanchez was focused on stocks of companies offering various consumer services. "There's still a lot of pent-up demand for services right now," Sanchez, also chief market strategist at Lido Advisors, said in the same "Trading Nation" interview. "[People] just haven't been able to go out. Gyms, for example, are reopening for the first time here in Los Angeles and across the nation. As that reopening happens, we've actually been seeing the spending in the goods names. We should see some catch-up in the service names.""I think we're in an environment that even transcends the reopening trade," he said. "We're in the next tech bull market. I think Covid accelerated the path. ...

 

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