Retailer Leadership Appears a Market Pillar - Real Time Insight
July 09 2013 - 5:05PM
Zacks
Below the surface of today’s positive price action, the ICSC
Chain Store Sales index hit a new high for the year. The July 4
weekend saw healthy consumer demand, and is propelling retail
shares to new highs basis the SPDR S&P Retail ETF (XRT).
The strength in the retail sector has come despite a material
slowdown in refinance activity in recent weeks. The bid in the
retail sector is complemented by the banking sector where the SPDR
S&P Bank ETF (KBE) is at new highs, and overcoming a few
downgrades and talk of higher leverage ratios for large
institutions.
A positive factor for the overall market rests in the strength
of the bank and consumer sectors. Nothing is absolute,
but a market seeing strength in banks and retailers should support
the confidence of buyers.
![](http://staticzacks.net/images/zacks/blogs/1373397996_scaled_425.jpg)
Given the strength of retail names and signs the consumer is
healthy, it may be worth checking out a few Zacks #1 Rank (Strong
Buy) retailers like Wet Seal (WTSL) Dillard’s (DDS), or Bon Ton
Stores (BONT).
What do you think: Will the banks and the retailers lead
the S&P 500 to new highs?
BON-TON STORES (BONT): Get Free Report
DILLARDS INC-A (DDS): Free Stock Analysis Report
SPDR-KBW BANK (KBE): ETF Research Reports
WET SEAL INC -A (WTSL): Free Stock Analysis Report
SPDR-SP RET ETF (XRT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
SPDR S&P Retail (AMEX:XRT)
Historical Stock Chart
From May 2024 to Jun 2024
SPDR S&P Retail (AMEX:XRT)
Historical Stock Chart
From Jun 2023 to Jun 2024