Chinese shoppers are likely poised to hit the streets again during the country's reopening, a positive tailwind for certain retail stocks, according to Wells Fargo. "With the Lunar New Year kicking off on January 21, we believe reopening against multiple quarters of easier regional compares will benefit companies with the largest exposure," wrote analyst Ike Boruchow in a report Thursday.
Of these names, two – Canada Goose and Farfetch – are trading at deep discounts versus historic multiples, meaning now may be a good time to snap up shares. Wells Fargo has overweight ratings on both. The firm is favorable on Canada Goose's highly profitable direct-to-consumer channel, which it thinks can benefit this year after a period of slow productivity.
Id like to tell you cnbc that u & the rest of your main stream news stations are all just as responsible for the state of America because YOU refused to report vital information for people to know before voting! You held stories revealing your bias & corrupt coercion with dems!!
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Retired Wells Fargo economist Mark Vitner launches Piedmont Crescent Capital - Jacksonville Business JournalAfter recently retiring from his decades-long career as a renowned economic tracker for Wells Fargo & Co., Mark Vitner has taken his passion for analyzing the industry to a more boutique level.
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