Even after the earnings beat I wasn't really big on the retail sector as a whole. Seeing a change in regime across large cap retailers like
TGT or
WMT where the growth & value seems like it's shifting towards the more overlooked tickers like
KSS, $M, (JJCP still getting beaten but I'll keep on watch just in case). Price crossing below 3 year (low) WMA was the start of a 3 & a half year, -70% run down. Seeing a change in regime like this would be exciting for any retail / consumer discretion contrarian. Contrarian or not though - Long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.