3 Retail Stocks Everyone is Wrong About
It pays for investors to always be skeptical. They should be skeptical when investors back up the truck on the latest growth stock, and be equally skeptical when they dump the market's most hated stocks.
Warren Buffett told investors to always "be fearful when others are greedy, and greedy when others are fearful." One sector that has recently been crushed by fear is retail, where companies are being crushed by e-tailers and sluggish brick-and-mortar traffic.
But amid that rubble, there are three hated stocks that could be great contrarian plays -- American Eagle Outfitters (NYSE: AEO), GameStop (NYSE: GME), and JC Penney (NYSE: JCP).
Source: Fool.com