Wall Street expects consumers to spend money this shopping season for the Christmas and New Year eve. Here are the 2017 Best Retail Stocks to buy.
20 December, AtoZForex – As the shopping season is coming during Christmas and New Year 2017 eve the retail stocks may jump higher. The retail stocks touched its all-time high due to US President-elect Donald Trump. The retail space covers a lot of sectors from clothing to shoes, food to toys and even cars. Some sectors are struggling, even though the customer is spending. But there are two sides to every story. And still, a lot not to like about the retailers right now, even with a 4.6% unemployment rate. The apparel retailers are still having a tough time.
2017 Best Retail Stocks
According to my analysis, I picked three stocks for short and mid-term. As the fundamentals and Technicals of the stock is good and the company is doing well. Here are the three 2017 Best Retail Stocks to buy this Christmas and New Year 2017 season.
Ulta Salon cosmetics and Fragrance Inc.(NASDAQ)
Ulta Salon cosmetics and Fragrance Inc. (ULTA) is the top retailer in America. It recently saw comparable store sales of 16.7% when no one else in the industry is even approaching 10%. It has posted company record store sales the last 2 years. And growth is expected to continue as the company is planning to open new stores in 2017. The market cap of the company is 16.18B and the Price/Earnings is 43.67.
Nordstrom Inc. (NYSE)
Nordstrom Inc. (JWN) continues to be on the correct path with both its brick and mortar operations and its online segment. Earnings of the company are expected to surge 8% next year. The dividend yield of Nordstrom is 2.91 percent and P/E is 27.47.
The Home Depot (NYSE)
The Home Depot (HD) is also the best performer in the retail sector. But if consumer confidence stays elevated, those kitchens and new appliances will be bought. The dividend Yield os the stock is 2.04 percent. The P/E and market cap is 21.93 and 164.99B respectively.
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