From Nasdaq: 2024-05-21 19:00:00

This week, three retail sector stocks have been added to the Zacks Rank #1 (Strong Buy) list, indicating a favorable investment opportunity. Signet Jewelers’ stock has dipped -6% YTD but surged +40% over the last year. The Gap’s stock is down 25% from its high but is still up +2% YTD and +169% over the last year due to international expansion. The ODP Corporation’s stock is at 52-week lows and trading cheaply at 6.7X forward earnings, with earnings projected to rise significantly in FY25.

With favorable outlooks for these retail stocks, now may be a good time to consider buying the dip. Signet Jewelers has a promising growth trajectory and a reasonable valuation, offering a great buying opportunity. The Gap’s annual earnings are expected to rebound in FY26, and its diverse apparel brands are driving strong performance. The ODP Corporation is trading at a significant discount with solid earnings growth potential, making it an attractive investment option.



Read more at Nasdaq: Time to Buy the Dip in These Top-Rated Retail Stocks