While reports of closing retail stores continue to rock headlines, stable food sellers and drugstores, like Costco Wholesale and Walmart, along with some retailers of discretionary items, such as Ulta Beauty, are growing.
In fact, of the 31 retailers in the S&P 500, 26 are expected to post revenue growth this year, according to an Investor’s Business Daily (IBD) analysis of data from MarketSmith and S&P Global Market Intelligence.
According to IBD, the retail-heavy Consumer Discretionary Select Sector SPDR ETF is up 23% this year, which makes it the third-best of the 11 sectors this year. More than half the ETF is made up of diversified and specialty retailers.
