With all the talk surrounding the Greece bailout, unemployment, the deficit etc, the story I
think everyone is missing is the Retail Rally.
Retail Stocks by far has been leading the 2012 Bull Rush. Over the past 20 trading sessions
Retail Stocks have closed at their 52 highs in all but 3 sessions.
Yesterday, on a subpar trading day, 13 Retail Stocks closed at 52 Week Highs, according to
Investors Business Daily.
Companies closing at 52 Week Highs were coffee powerhouse Starbucks (SBUX), men's clothing
giant Men's Warehouse (MW), pet retail store Petsmart (PETM), home improvement
giant Lowes (LOW), outdoor clothing leader Dick Sporting Goods (DKS), pizza chain Domino's
Pizza (DPZ), discount store Big Lots (BIG), cosmetics leader Ulta Salon (ULTA) and auto parts
stores AutoZone (AZO) and O'Reilly Auto Parts (ORLY), and retailer Ross Stores (ROST).
The fun part about investing in Retail Stocks is that you can actually take a trip to these
businesses and check things out for themselves. Happy Hunting!!!
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