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3 Ravaged Retail Stocks to Sell Now

Retail stocks continue to look ugly, but these three stocks have been completely ravaged

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Retail stocks were under serious pressure Tuesday morning after Macy’s Inc (NYSE:M) issued a profit margin warning. This continued the bad news for the brick-and-mortar space as Amazon.com, Inc. (NASDAQ:AMZN) increasingly captures consumer spending wallet share.

3 Ravaged Retail Stocks to Sell Now
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Furthermore, all of this comes amid an overall stalling of retail sales economy-wide as post-election ebullience and a strong job market hasn’t translated into higher sales and an acceleration in wage inflation.

The SPDR S&P Retail (ETF) (NYSEARCA:XRT) is declining to critical two-month support near $40, threatening a breakdown to levels not seen since early last year.

Here are three retail stocks to avoid amid the carnage:

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Article printed from InvestorPlace Media, http://investorplace.com/2017/06/3-ravaged-retail-stocks-to-sell-now-m-tgt-jwn/.

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