Feb 8, 2023
Retail investment: Three hot picks from Seth Basham
, BNN Bloomberg
In 2023 there will be some demand pressure in retail, but there will also be strength: Hot picks
VIDEO SIGN OUT
Retail stocks have suffered from inflationary pressures and pandemic lockdowns over the past few years but one financial expert says this makes for some great buying opportunities within the sector.
Speaking with BNN Bloomberg's Amber Kanwar on Wednesday, Seth Basham, managing director of equity research at Wedbush, acknowledged that overall the retail sector is currently in a tough spot.
“I think that there’s select areas of retail, especially less discretionary areas that are pretty attractive, and there’s also some more discretionary areas that have been beat up pretty badly that could have some great stock pick opportunities,” he said.
Basham recommended Sealy International Inc. (TPX), Chewy Inc (CHWY) and DICK'S Sporting Goods Inc (DKS) as his three hot picks in the U.S. retail space.
He, his family members and investment banking clients do not own any of the stocks mentioned above, however his firm holds all three.
Check out the full video at the top of the article to learn more.
Speaking with BNN Bloomberg's Amber Kanwar on Wednesday, Seth Basham, managing director of equity research at Wedbush, acknowledged that overall the retail sector is currently in a tough spot.
“I think that there’s select areas of retail, especially less discretionary areas that are pretty attractive, and there’s also some more discretionary areas that have been beat up pretty badly that could have some great stock pick opportunities,” he said.
Basham recommended Sealy International Inc. (TPX), Chewy Inc (CHWY) and DICK'S Sporting Goods Inc (DKS) as his three hot picks in the U.S. retail space.
He, his family members and investment banking clients do not own any of the stocks mentioned above, however his firm holds all three.
Check out the full video at the top of the article to learn more.
