Ramping Up Retail Plays

I have been underweight retail and the consumer discretionary sectors for over six months. It has been a good call so far in 2014, as these sectors are basically flat from where they began the year, even as equities have turned in a decent but not spectacular first-half performance.

Slowly, however, I have been picking up some new retail positions or adding to my few existing stakes in the space. Retailers should have an easier go of it during the second half of the year. Economic growth is accelerating from the first quarter's dismal levels; job creation, while not great for this point in a postwar recovery, is better than it has been for years; we likely will not see a repeat of this year's horrid winter; and finally, a lot of retail stocks have posted some steep declines and are more reasonably valued than they have been for some time....370 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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