Quick Take: Link: Be Picky With Retail Stocks
Stephanie Link, co-manager of the Action Alerts PLUS portfolio, told TheStreet's Lindsey Bell that investors don't know where to turn after disappointing results from Macy's
Link suggested investors focus on companies that have one or more of these qualities: recurring revenue streams, strong balance sheets, ability to expand and grow and a focus on restructuring.
Consumers, particularly in the middle and upper classes, seem to be spending on home goods rather than apparel. This is one reason why the AAP portfolio invests in Costco Wholesale
Under $50 per share, TJX Companies
She added that in the low-$50 range she likes Coach
-- Written by Bret Kenwell in Petoskey, Mich.