Retailers rallied Tuesday on high hopes for November same-store sales numbers, which come out later this week. Which stocks might you trust with your money?
Jeff Macke thinks the trade is to get out of the retailers by Thursday afternoon – ahead of the jobs report. But, retail names are so beaten down that any positive catalyst could boost them higher, he adds.
On a related note, Macke’s favorite name in the space is Guess (GES).
Karen Finerman agrees with Macke’s thesis. Her favorite names in retail are Wal-Mart (WMT) and Kohl’s (KSS).