Retail Stocks a Good Buy This Holiday Shopping Season?
Over the weekend, I had a chance to meet with my friend Mr. Speculator. We talked about portfolio management, the overall market condition, and what may be next for the U.S. economy. During our conversation, what was interesting to find was that Mr. Speculator has turned bullish on retail stocks. I asked him why, and he said it’s because shopping season is coming up. His argument was that retail stocks are going to see some buying and their prices will increase. “Just think of it this way,” he said. “The more people buying their goods, the higher their profits are going to be.”
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