Retail

High-end retail stocks show signs of more upside

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Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020.

Gabby Jones | Bloomberg | Getty Images

High-end retail stocks have made strong gains in recent months, and recent trading activity could be signaling more upside on the horizon, CNBC’s Jim Cramer said Tuesday.

“The non-essential high-end retailers have already run, but the charts, as interpreted by Bob Lang, suggest that Capri Holdings, Tapestry, LVMH and Nordstrom could all have more upside here thanks, yes, to the stimulus checks,” the “Mad Money” host said.

Lang, the founder of ExplosiveOptions.net and a contributor to TheStreet.com, is a trusted technician that Cramer relies on…



Source cnbc.com

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