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Zacks Stocks In The News · 3 Top Retail Stocks to Buy in 2021
On today’s episode of Full Court Finance at Zacks, we explore three highly ranked stocks from the broader retail world that investors might want to consider buying this year. And none of the three stocks are banking on a vaccine to help return the economy to normal anytime soon.
The major benchmarks all took a dive on Monday, which made sense as Wall Street took profits and took a breather after the market surged to new highs to end 2020. On Tuesday, all eyes are fixed on Georgia, as Wall Street waits to see if there will be gridlock in Washington.
Meanwhile, the new U.S. stimulus bill and the Brexit deal helped boost global markets recently. Perhaps most importantly, the coronavirus vaccine continues to be rolled out in the U.S. and around the world. And U.S. officials project that roughly 100 million Americans will be vaccinated by February or March.
All of this helps add to 2021’s bullish outlook, which is also being driven by strong earnings trends and low interest rates. Investors likely want to consider adding stocks to their portfolios, given this backdrop.
Winnebago Industries, Inc. WGO, which builds motorhomes and boats, is projected to continue to benefit from coronavirus-based spending on outdoor activities. And that’s just part of the reason why WGO appears solid.
Yeti YETI is the next stock up. Wall Street has loved its ability to expand beyond high-end coolers. The company has halso attracted more consumers and inspired knockoffs, as have Lululemon LULU, Peloton PTON, and others.
The episode then ends with Target TGT. The retail giant has dominated during the coronavirus and is poised to grow for years, as it competes against Amazon AMZN and Walmart WMT to gain market share in the next generation of retail.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Target Corporation (TGT) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Walmart Inc. (WMT) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report
YETI Holdings, Inc. (YETI) : Free Stock Analysis Report
Peloton Interactive, Inc. (PTON) : Free Stock Analysis Report
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