Should I Sell My Retail Stocks?
Social distancing to keep yourself safe during the novel coronavirus pandemic means you probably need to avoid going to the mall for the time being. Even if stores remain open, it's best to avoid going to them until the government provides enough assurance that the outbreak has eased.
Grocery stores and retailers that sell necessary household items, including Walmart (NYSE: WMT) and Target (NYSE: TGT), remain open -- and are thriving -- but many non-essential retailers may suffer. Beleaguered brands like Bed Bath & Beyond and Gap will see their turnaround efforts stall largely because their core merchandise isn't needed by consumers at the moment.
That creates uncertainty for investors in the stocks of these companies. Should you cut your losses and/or move money into the retailers who will clearly be the winners during the current crisis?
Source Fool.com
