The retail sector’s roller-coaster ride continues.
A slew of major U.S. retailers is scheduled to report earnings this week after a worse-than-expected drop in domestic sales in April.
Investors looking to capitalize on any earnings moves might want to consider stocks that are already beating the market, Craig Johnson, senior technical research analyst at Piper Sandler, told CNBC’s “Trading Nation” on Friday.
“You can clearly see that companies like Home Depot have definitely outperformed, Walmart has definitely outperformed and Target and Lowe’s have outperformed on a relative basis versus the overall broader market,” Johnson said. “Then you’ve got your store-based retailers like Kohl’s and Urban Outfitters that have definitely lagged on a year-to-date basis.”