Connect with us

Hi, what are you looking for?

Stock

2 Undervalued Growth Stocks in the Retail Industry

Stock Markets42 minutes ago (Jun 08, 2021 01:30PM ET)

(C) Reuters. 2 Undervalued Growth Stocks in the Retail Industry

Because brick & mortar store sales are rising with the reopening of the economy, we think popular retailers Foot Locker (NYSE:FL) and Sportsman’s Warehouse (NASDAQ:SPWH) could generate significant growth in the coming months. And because these two stocks are still trading at reasonable valuations, we think it could be wise to bet on them right now.With 51.6% of the American population having as of June 7 received at least one shot of COVID-19 vaccine, retail stores are now enjoying increasing foot traffic. This, along with an upbeat job market and rising consumer spending, positions retail store operators well for solid sales growth in the coming quarters. Investors’ interest in the retail space is evident in the SPDR S&P Retail ETF’s (XRT) 16.3% gains over the past three months compared to the SPDR S&P 500 Trust ETF’s (SPY) 10.1% returns.

The increasing integration of data analytics in company management to streamline operations and enhance supply chain efficiency could lead to further growth in this space. Total retail sales in the United States are expected to increase to $5.94 trillion in 2024 from $5.47 trillion in 2019..

So, we think it could be wise to bet on Foot Locker, Inc. (FL) and Sportsman’s Warehouse Holdings, Inc. (SPWH) that are currently trading at discounts to their peers but hold immense growth potential.

Continue reading on StockNews

2 Undervalued Growth Stocks in the Retail Industry

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved