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The ongoing trade dispute between the United States and China continues to batter retail stocks.
This downward pressure has added additional uncertainty to a sector plagued by softening consumer confidence, wide-scale store closures, and even bankruptcies.
Several retailers, like Walmart Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT), defy the impact of tariffs. Their scale, e-commerce strategy, and store strategy give them a competitive advantage, while other retail stocks continue to bomb out.
Of course, some retail stocks are poised for a rebound heading into the holiday shopping season.
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Predicting which retail stock will bounce back is tricky in today's environment. But we have a secret weapon that tells us when a stock is about break out in the coming months.
It's called the Money Morning Stock VQScore™ system. This proprietary algorithm tracks 1,500 of the most profitable companies in the world and assigns them a score from 1 to 4.9.
The score is derived from a deep dive into the company's EPS and demand for the underlying stock.
Any stock that scores 4 or higher means EPS is accelerating and demand for its underlying shares is increasing.
This means it's a "Strong Buy" and is likely to break out in the months ahead.
Today, we'll explain three reasons why this retailer is at the top of our list of stocks to buy now…
This Retail Stock Is Poised for a Huge Bounce in 2020
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.