4 Great Retail Stocks To Buy Ahead Of Q1 Earnings
Zacks Investment Research | May 08, 2019 06:38AM ET
American retail is experiencing radical transformation. Digital players are expanding their footprint every passing day. On the one hand, traditional retailers are looking to strike a balance between offline and online presence, extending their life span in the process.
But the sector remains vibrant overall, with retail sales posting their largest increase in 18 months in March. The sector’s stocks have also posted strong gains year to date after suffering a disastrous 2018.
With the economy remaining strong and the job market continuing to be bullish, retail remains a good investment option. This is why it is a good idea to pick up select stocks from the sector that are likely to outperform their earnings estimates.
Economic Fundamentals Powering Retail
Retail sales for March increased by 1.6% — the sharpest since September 2017. This was significantly higher than the consensus estimate of an increase of 0.9% and represents a rebound from February’s decline of 0.2%. (Read: Zacks Investment Research
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