Investors betting on U.S. retail stocks this holiday season are advised to buy high and low, and sell the in-betweens.
Luxury chains and discounters are likely to emerge as winners, unlike last year when the recession depressed retailers across the board, industry watchers said.
Seasoned stock pickers are urging clients to hoard high-end players such as Tiffany & Co and Nordstrom Inc, as well as discounters including Target Corp.
Tiffany turns analysts on despite its high valuation, with many seeing promise in the jeweler's recent line of clutches sporting its signature robin's-egg blue color. Nordstrom, too, has won praise for its better merchandise.
"The housing market is still in the ditch. Unemployment is still very high," said Craig Johnson, president of Customer Growth Partners. "But if you are (among) the 83 percent of people (who) ... still has a full-time job and you have made it through this far, you are probably going to do OK." (more)
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