The S&P 500 Retail Group (XRT) has underperformed the broader markets this year, down 4 percent while the S&P 500 Index is up 2 percent over that time. With Black Friday less than three weeks away, however, one strategist says the retail stocks should soon catch up.
"There are individual trends within stocks, but I think if you're looking for retail, this is a very good time to be in the group," said Paul Hickey of Bespoke Investment Group on CNBC's "Fast Money" this week.
The analyst looked at the XRT, the ETF that tracks the performance of the retail group in the S&P 500. Hickey noted that since 2000, the XRT tends to outperform the broader markets in the month leading up to Thanksgiving.
However, immediately following Thanksgiving, those stocks tend to fall, according to Hickey's chart work.