Time to put a retail stock in your shopping bag?
Joining TheStreet’s panel of investment experts, Bob Lang, a Real Money contributor and co-portfolio manager of Trifecta Stocks said he is keeping an eye on retail stocks ahead of the election. While he noted Amazon (AMZN) - Get Report and Lululemon (LULU) - Get Report are obvious picks, he suggested investors expand their definition of retail to include fast food giants including Chipotle (CMG) - Get Report and McDonald’s (MCD) - Get Report.
With such a large and diverse selection of stocks, how should the average investor prioritize?
“They're going to have a windfall of sales coming into their holidays. We just added, actually this weekend in trifecta, that we added Walmart just yesterday, and it's starting to do real well for us, and we think that the stock has got some legs into the end of the year,” Lang said.
For more stock picks and advice heading into the election, WATCH: 2020 Election and Market Volatility, TheStreet's Experts Weigh In
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