Amid recent market volatility, here are the best buying opportunities in the retail sector, according to a top technical analyst.
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00:00I think retail is is an area where we can find some good value. I think names like the gap which came in with great earnings a few weeks ago and raise guidance. It's a really kind of rare for retail stocks. This particular time of year. I think the gap is one that you really have to pay attention to. Some of the bigger names you know not so much. I think you can look at Target and Home Depot as huge disappointments.
00:29But then I'm looking at Wal-Mart which was a little bit disappointing. But you know this is a company that that consumers are going to come back to over and over and over again regardless of where the economy is.
00:39If we slow down in the economy they're still going to buy their food and merchandise over at Wal-Mart. And likewise if the economy is strong they're still going to shop at Wal-Mart.
00:48So this is one of those I think recession proof names that you can make some make some good money in. And I also think that you know some of the higher end retail names we've got to look at with maybe like like an LVMH which is a European country company high end value.
01:06Europeans are doing some shopping. They're making money in their stock market. So they're shopping they're doing some buying some leather goods. They're buying Tiffany's which is owned by LVMH. This is another brand that I think is going to be strong going forward.