TFC - Retail Therapy For Year-End Rally? 3 Top Analyst Stock Picks In E-Commerce Banking | Benzinga
Get on board the year-end rally with some retail therapy, says Marc Chaikin, founder of Chaikin Analytics but, as with all investment, be selective.
“I love the conversations on the retail space,” he said while appearing on Benzinga’s Premarket Prep on Thursday.
But he’s not thinking of the value stores, such as Dollar General (NASDAQ:DG), which just reported stronger-than-expected third-quarter earnings on Thursday.
“DG still has a bearish grading and it’s been underperforming for so long that I wouldn’t touch that,” he said.
There are three retail-related stocks he loves, however:
- Etsy (NASDAQ:ETSY) – the online marketplace
- Shopify (NYSE:SHOP) – the Canadian e-commerce group
- Block (NYSE:SQ) – the retail payments company
Talking of market entry levels, Chaikin said, “you can go ...