Dead Malls of America: The Retail Apocalypse Deepens

 

Dead Malls of America: The Retail Apocalypse Deepens

We’re kicking off the trading week with another brutal day for the retail sector.

There’s nothing worse than a group of stocks trending lower during a roaring bull market.

These poisonous retail stocks emit a radioactive glow. Even a novice investor can’t miss these losing positions draining the gains from his brokerage account.

Traditional retailers and the “mall stocks” are having a downright terrible year. The S&P Retail Index ETF (NYSE:XRT) is down more than 11% so far this year after pushing to new lows on Monday. For comparison, the S&P 500 is up more than 8%.

Investors flipped the switch in 2017. No one wants anything to do with the traditional retailers. The divergence couldn’t be more clear…

Yesterday’s retail failures are a laundry list of household names. Macy’s Inc. (NYSE:M) plummeted 7% on the day. Gap Inc. (NYSE:GPS) dropped 6%. And poor Abercrombie & Fitch Co. (NYSE:ANF) tanked more than 21% on news that the chain ended talks of a potential sale. The stocks of an entire wing of your local mall are plummeting into the abyss right before your very eyes…

Meanwhile, Amazon Prime Day is upon us!

Coincidence?

I think not…More Here

 

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