Louis Navellier’s Big Winner of 2011
My recommendation to buy select retail stocks bewildered Wall Street experts throughout 2011. But I saw what they didn’t: Consumers were spending money even though consumer confidence was falling. That’s one reason why it comes as no surprise to me that one of my top performers of the past 12 months — up 33% year-to-date — was specialty retailer Limited Brands (NYSE:LTD).
LTD is the company behind the Victoria’s Secret, Bath & Body Works and La Senza (Canada only) brands. In the most recent quarter, LTD saw same-store sales rise 6%, while big chain retailers like Gap (NYSE:GPS) saw sales drop 4%. Limited already has revised fourth-quarter and full-year 2012 expectations higher, and I see it as a strong performer in the months to come.
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