Study of retail companies
11/10/2021 –
Berna sent Tilson this clarification:
I am bullish on the U.S. consumer, but this doesn’t mean I’m bullish on retail stocks overall.
I am bullish on the two retailers I wrote about last week, Five Below (FIVE) and Foot Locker (FL), and of course, the ones I’ve recommended in my newsletter, Empire Market Insider.
But I’m not bullish (or bearish) on retailers as a group – they could go either way for a lot of reasons (supply chain, inflation, valuation, hard comps coming up, etc.).
Retail is a sector where stock picking is essential. Unlike energy or financials, where the stocks all tend to move together, there are always retail stocks that go up – even when the sector is a dog, and vice versa.
