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 XRT, -0.06% 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 SPX, -0.03%. The worst performers in D.A. Davidson’s coverage group during the holidays are Best Buy Co Inc. BBY, -1.41% and Dick’s Sporting Goods Inc. DKS, +2.28%, while Home Depot HD, +1.51% and Lowes’s Cos. LOW, -0.02% 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 SPX, -0.03%.

This article was originally published by Marketwatch.com. Read the original article here.

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