One of last year's best retail stocks is giving investors a 'great' buying opportunity, traders say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

One of last year's best retail stocks is giving investors a 'great' chance to buy, traders say (via TradingNation)

year to date with a 2.5% gain. The XRT, which tracks the broader retail sector, is down about 1.5% in 2020.

"As a value manager, I really want to like Macy's here, ... but it still feels like a value trap to me," she told CNBC'son Wednesday. "The model hasn't changed. The stores are tired. I tried to buy some stuff online over the holidays; it was not a fun experience." Matt Maley, chief market strategist at Miller Tabak and a longtime technical analyst, said the charts support Tengler's thesis.

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Target stock price falls 7% on weak holiday sales, cut forecast - Business Insider'We faced challenges throughout November and December in key seasonal merchandise categories,' said Brian Cornell, CEO of Target.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Costco proves why it's Amazon-proof as stores like Target and Macy's struggle - Business InsiderCostco is known for being one of the few retailers to have successfully staved off the threat of Amazon.
Source: BusinessInsider - 🏆 729. / 51 Read more »