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A partial reopening of the economy is boosting investor sentiment, with certain retailers set to benefit from the first wave of consumers emerging from the coronavirus crisis.
However, uncertainty around a treatment or vaccine for Covid-19 and government protocols, is keeping several possible scenarios in play — each with a chance to boost different retail stocks.
Bank of America looked across its coverage at the exposure to the pandemic, the economic slowdown and the pace that it believes companies are likely to participate in the recovery. The Wall Street firm came up with four buckets of retail stocks for four different scenarios.
Here's how to play each of the possible outcomes.