TIF - 3 Top Retail Stocks to Watch in February
The recent coronavirus outbreak in China is certainly cause for concern. Many in Wuhan, a city of 11 million people, as well as the surrounding province of Hubei, are staying indoors. And given the high contagiousness of the virus, traffic in public places in all major Chinese cities is bound to be muted for some time.
That will probably affect many retailers, and not only those based in China. Many U.S., European, and global retailers have a significant customer bases in China, whose rapid growth has driven global consumption ever since the global financial crisis.
Thus, the traffic slowdown could very well dent the results of the following top retailers, at least in the near term. However, any short-term sell-off is likely to prove a huge buying opportunity for Foolish long-term investors. Keep a watch on these three best-in-class names in February for further buying opportunities.