Retail Highfliers Face Headwinds
One question on Wall Street's mind these days is the strength of the consumer and whether the retail sector can continue its outperformance in 2013.
The SPDR S&P Retail ETF (XRT) had a solid 2012, up 19%, compared with a 13% gain for the S&P 500. It wasn't looking good for XRT when shares fell 6.3% from Dec. 19 to Dec. 27, but it showed supporting action at its 200-day simple moving average, and volume has been strong during its recent rally. It's back to within 4% of its 52-week high....477 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.