Finding Pockets of Strength in Retail: TJX, MGM, RL, PENN

Jharonne Martis breaks down the June Retail Sales data and how it relates to Consumer Confidence numbers. She expects discounters to continue to do well as consumers “continue to trade down.” Jharonne also highlights the back-to-school season, which could benefit names like TJX Companies (TJX). She also thinks Ralph Lauren (RL), which has a loyal customer base, will do well. However, she notes that consumers are still spending on experiences over goods and looks at restaurants and the entertainment sector as well.

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