Despite a weak holiday shopping season, most retailers had better same-store sales last month than the analysts expected. Is it a sign of brighter times ahead?
The nation's retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters like Wal-Mart Stores Inc., whose results beat expectations
Is Wal-Mart a buy?
I’m holding Wal-Mart at current levels, replies Karen Finerman on CNBC’s "Closing Bell". I think they’re well priced and well positioned. Everyone needs the kinds of things that Wal-Mart sells, no matter what the economy brings.
I agree, adds Howard Davidowitz, Chairman Of Davidowitz And Associates. Wal-Mart is the largest food retailer in the nation and they have value oriented food which should be profitable for them in a weak economy.
Any other trades?
You can check out Target (TGT), says Karen Finerman, as well as DSW Inc. (DSW) and Children’s Place (PLCE). Both have great balance sheets however it might take more time for these names to pan out.