Retailers had a rough time last month as high gas prices and economic jitters took a toll on shoppers. But there are a few trades to be had if you've got the guts.
“I think the worst is yet to come,” says Howard Davidowitz on CNBC’s Closing Bell. The Chairman of Davidowitz And Associates expects all kinds of negative adjustments from the retailers.
”I don’t see anything good on the horizon,” he adds. “We had an early Easter and retail sales were a debacle. I can’t imagine what’s in store next month.”
Davidowitz also reveals that he’s been contacted by large hedge funds who think the bottom could be coming and are seeking his counsel. “Personally, I don’t see the bottom, but if you’ve got guts look at PriceSmart ,” he tells them.