Wall Street's favorite retail stocks include Amazon and this little-known shoe company

Surging inflation, inventory gluts and fears of slowing consumer spending battered some popular retail stocks in 2022, but analysts think some of these names are poised for a rebound in the new year. The SPDR S & P Retail ETF , which tracks the sector, plummeted 33% as companies grappled with this difficult macro environment and fears of a slowdown in spending on discretionary goods.

mountain Shares are up nearly 8% in 2023 Franchise Group , meanwhile, made headlines last year on news that it was briefly in talks to acquire Kohl's . The owner of The Vitamin Shoppe shed 54% in 2022, but analysts expect good times ahead for the stock. Eighty-percent of analysts say shares are a buy, with the consensus price target implying 33% upside from Thursday's close.

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Stocks pull back on Wall Street as earnings reports roll in | amNewYorkWall Street on Friday is giving back some of the gains from its strong start to the year, as earnings reporting season gets underway and CEOs show just how badly high inflation and a slowing economy are hurting them.
Source: amNewYork - 🏆 336. / 59 Read more »