Video: Here's Why Best Buy, Macy's and TJX Companies Are Rebounding

Amid Best Buy's 9% growth in comparable store sales for its most recent quarter, Kenny Polcari, managing director at O'Neil Securities said the retail sector is seeing quite the turnaround.

Author:: Scott Gamm
Publish date:: Mar 1, 2018 10:00 AM EST

Amid Best Buy's (BBY) - Get Report 9% growth in comparable store sales for its most recent quarter, Kenny Polcari, managing director at O'Neil Securities said the retail sector is seeing quite the turnaround.

"They blew it out of the water - they're competing head to head with Amazon (AMZN) - Get Report ," he said, adding that any broader market pullback may affect retail stocks.

Macy's (M) - Get Report and TJX Companies (TJX) - Get Report also posted upbeat earnings earlier this week. Nordstrom (JWN) - Get Report releases quarterly earnings after the closing bell on Thursday.

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Watch full interview with Kenny Polcari on Youtube