Using data, these are the top 3 retail stocks for February 2023. Each of these names show major accumulation signals, states Lucas Downey of Mapsignals.com.
Did you know that the discretionary sector tends to outperform after major underperformance? It's true. Not only that, but history also shows that after 2 quarters of negative GDP the discretionary group gains 6 months later. In this video, we dive into data then look at the best Retail stocks on our radar.
But always remember, the process is more important than the stocks. Focusing on quality is paramount when markets are facing uncertainty. These are ideas for to help you during your research journey.
This is not personal advice of any kind. We want to help you learn how to invest, and using data can help! Focus on the opportunity.
Disclosure: Luke holds long positions in Skechers U.S.A. Inc. (SKX) in personal accounts at the time of filming, but no holdings in Crocs Inc. (CROX) & D.R. Horton Inc. (DHI).
To learn more about Lucas Downey, visit Mapsignals.com.
