• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Analyst names two retail stocks to buy for 2023
Investing

Analyst names two retail stocks to buy for 2023

by December 19, 2022
by December 19, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Retail analyst Dana Telsey remains constructive on select retail names for the coming year even though retail sales in November were weaker than expected.

Telsey is bullish on Ralph Lauren

Retail sales were down 0.6% last month versus a narrower 0.3% decline expected. Still, Telsey – the Chief Executive of Telsey Advisory Group has confidence in the resilience of the U.S. consumer.

A name she’s convinced will do particularly well in 2023 is Ralph Lauren Corp (NYSE: RL). On CNBC’s “Squawk Box”, Telsey said:

I feel confident with Ralph Lauren going into 2023 that has expanded the purview of who they are appealing to; a wider audience of generations. I think Ralph Lauren’s coming out ahead.

Last month, the New York-headquartered fashion company raised its earnings outlook after reporting a strong second quarter. Its shares are currently down nearly 15% for the year.

Telsey also likes Abercrombie & Fitch

Consumer prices sure have eased over the past two months (read more) but inflation is still running at an annualised pace of 7.1%. So, the macroeconomic environment is not particularly rosy for the retail space.

Still, another retail stock Telsey recommends owning for the next year is Abercrombie & Fitch Co (NYSE: ANF).

I think they’ve been smart about the way that they are executing both their real estate strategy and their product strategy.

Her “outperform” rating on the lifestyle retailer comes with a price target of $27, which represents a 25% upside from here. Those interested in playing the retail space should also know that retail sales were still up 6.5% versus a year ago in November.

The post <strong>Analyst names two retail stocks to buy for 2023</strong> appeared first on Invezz.

You Might Also Like
  • Jefferies analyst reveals her only buy-rated airline stock
  • Netflix ad-supported tier is not off to a great start: report
  • Should you buy Oracle stock despite soft guidance?
  • Fed minutes indicate smaller rate hikes ahead: time to buy?
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Grayscale CEO confirms tender offer if Bitcoin ETF path fails
next post
Dogecoin drops 10% after Elon Musk’s Twitter CEO poll

You may also like

Tesla stock is down another 10% on Tuesday: here’s why

December 27, 2022

Buy to Open vs Buy to Close

April 18, 2023

Index Options vs. Stock Options: What’s The Difference?

February 17, 2023

Decred launches new social media platform Bison Relay

December 16, 2022

Cleveland-Cliffs stock has upside to $26: Morgan Stanley

January 12, 2023

Mike McGlone: Gold price to break through $2000 and “never...

November 30, 2022

Chesapeake Energy stock has ‘tremendous upside’ despite falling natural gas...

January 5, 2023

Tesla stock is still ‘egregiously overvalued’: Analyst

December 9, 2022

Pros And Cons Of Options Trading: Advantages & Disadvantages

April 26, 2023

Is it safe to buy big tech companies amid a...

December 22, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,450 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Lululemon stock sinks following lowered outlook:...

    January 9, 2023

    This software stock just shot up...

    December 6, 2022

    Expert: Jeff Bezos could come back...

    January 5, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here