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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

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 SG
 

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

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Apple's retail chief reportedly said many more stores will open next month - Business InsiderIt's unclear which stores Apple plans to reopen, but retail exec Deirdre O'Brien previously suggested that US locations could start reopening in May. Cool Yes!!!!! And then only two opened
Source: BusinessInsider - 🏆 729. / 51 Read more »

Global spend on the retail industry will fall by $549 billion in 2020 - Business InsiderGlobalData anticipates global spending on retail to diminish by $549 billion in 2020 and global debt to surge in the first half.
Source: BusinessInsider - 🏆 729. / 51 Read more »