CNBC Pro

These five retail stocks could be winners with stimulus checks set to go out this month

A T.J. Maxx store in Cincinnati
Ty Wright | Bloomberg | Getty Images

Retailers that were closed to foot traffic during the first round of stimulus checks last year could see more upside as more $1,400 payments hit bank accounts, Evercore ISI found.

The brokerage noted that while investors may be tempted to snap up stocks that outperformed in April and May of last year, they instead should consider investments in retailers with brick-and-mortar locations that had been shuttered in spring of 2020.

Specifically, analyst Omar Saad recommended a collection of apparel retailers and some luxury brands that could be set for strong same-store sales growth in 2021 after the Covid-19 pandemic forced many to shutter locations last spring.

More In Street Calls

Here are Wednesday's biggest analyst calls: Tesla, Apple, Netflix, Nike, Biogen, Levi Strauss & more
CNBC ProHere are Wednesday's biggest analyst calls: Tesla, Apple, Netflix, Nike, Biogen, Levi Strauss & more
3 analysts upgrade Biogen after Alzheimer's drug success, say big gains are ahead for the stock
CNBC Pro3 analysts upgrade Biogen after Alzheimer's drug success, say big gains are ahead for the stock
Netflix gets upgrade at Atlantic Equities, which says ad-supported subscriber tier can boost stock by 26%
CNBC ProNetflix gets upgrade at Atlantic Equities, which says ad-supported subscriber tier can boost stock by 26%