D.A. Davidson charts underperformance by retail stocks, but praise Home Depot and Lowe's
D.A. Davison on Friday said stocks in the SPDR S&P Retail ETF tend to underperform during the period from Black Friday to the end of the year. On average, the SPDR S&P Retail ETF has fallen 0.1% since 2010 during this period which amounts to 180 basis points of underperformance compared to the S&P 500 . The worst performers in D.A. Davidson's coverage group during the holidays are Best Buy Co Inc. and Dick's Sporting Goods Inc. , while Home Depot and Lowes's Cos. rank as the safest holiday names to own, analysts said. The SPDR S&P Retail ETF is down 26.2% in 2022 compared to a 15.5% loss by the S&P 500 .
-Steve Gelsi
(END) Dow Jones Newswires
November 25, 2022 06:30 ET (11:30 GMT)
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