Reported 4 months ago
Freedom Capital Markets Chief Global Strategist, Jay Woods, discusses the performance of retail sector stocks with Market Domination host Julie Hyman. While Costco remains a 'good buy' due to strong technicals and consistent earnings despite a high P/E ratio, Woods advises avoiding Dollar Tree which has seen negative price action and faces competition from big retailers lowering prices. Costco's stock has risen by 23% since January, while Dollar Tree has dropped by 20% after disappointing earnings. Woods emphasizes the importance of considering both technical and fundamental factors when evaluating stock performance.
Source: YAHOO