NEW YORK ( TheStreet) -- While many investors have made bullish bets that the retail sector will continue to outperform, the recent sales data would suggest somewhat of a disappointment. TheStreet's Brittany Umar and Laurie Kulikowski take a look at the results.
Kulikowski said that retail sales figures have been mixed so far for July. While not every company has reported, investors were disappointed by Costco Wholesale (COST), but surprised by L Brands (LTD).
She added that The Gap (GPS), which reports after the close on Friday, would be a strong tell for retail.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts