This retail stock is riding high after beating estimates for September sales growth, and the Profit Scanner predicts that a further surge of 3%-4% is just around the corner. More
- Poll of the Day
Consumers dictate the economy, so it is only fair that retail stocks have a tendency to dominate the market. Superstores such as Walmart (NYSE:WMT) and Target (NYSE:TGT) have come to lead the sector, although smaller cap stores such as Dick’s Sporting Goods (NYSE:DKS) and American Eagle (NYSE:AEO) make interesting plays, as they cater to specific fields.
Retail stocks have an optimistic forecast, assuming the market continues to recover. Should the market falter, retail stocks may plummet. If you choose to invest in retail, watch the market extremely carefully.
Reeling from disappointing earnings and myriad challenges, Target named former PepsiCo (PEP) executive Brian Cornell as its new CEO, while Walmart tapped Walmart Asia CEO Greg Foran to head up its critically important U.S. operations. Can either one deliver a turnaround? More