Recent moves by retail stocks prove that Amazon hasn’t been able to squash all of its competitors, according to Susquehanna’s Stacey Gilbert.
The SPDR S&P Retail ETF XRT was up 1 percent on Wednesday after Best Buy surged 16 percent on the back of strong earnings for its holiday quarter. The XRT is now up 12 percent this year, in line with the S&P 500.
When Gilbert inspected the action in the XRT, an equal-weighted collection of retail stocks that includes names like Wayfair, Party City and Macy’s, one notable trend stood out.
