Retail stocks are having a volatile year. This is because, at the onset of the pandemic, top retail stocks were badly hit. With a stay at home and lockdown orders, it meant that fewer people could frequent these retail stores. Many months later into the COVID-19 pandemic, we look at how these retail stocks are performing.
Nowadays you hear how these essential services are crucial for our daily lives to continue. We human beings have needs and want that need to be met after all. We depend on these retail stores for our daily needs. During the pandemic, only a handful of retailers could operate as they were considered essential services. This would be the silver lining for top retail stocks to watch. As the economy reopens and we become more accustomed to new social distancing rules, these retail stocks could make a comeback.
Retail stocks like Amazon (AMZN Stock Report) and Walmart Inc (WMT Stock Report) have already seen tremendous success lately. In the time since the economy crashed in March, Amazon and Walmart have made staggering gains of 86.2% and 34.8% respectively. This is unusual given how many retailers were filing for bankruptcy. It is said that Warren Buffet is a big fan of retail stocks so maybe there is wisdom there after all. If the CEO of one of the most successful holdings companies, Berkshire Hathaway (BRK.B Stock Report) is a fan of retail stocks, maybe it’s not a bad idea to gain some exposure to this sector. Let’s take a look at the following retail stocks.