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Retail stocks track for best month ever, but trader says only two are a buy

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Retail stocks track for best month ever, but trader says only two are a buy (via TradingNation)

"Amazon's that 800-pound gorilla as it relates to e-commerce. They're hiring a bunch of people for a good reason. You throw in the cloud, which is really where this entire economy is headed. And don't forget streaming, so they literally are in three of the best industries that you could possibly be in given this new normal," Tepper said.

"Once a consumer tries drive up, Target says that spending increases by almost 25%, so with more people doing that I would think in the future, Target should benefit as well from that," he said.

 

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