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The retail sector has been reeling in the month of May with trade and economic headwinds in its way, CNBC’s Jim Cramer said Thursday.
The Spdr S&P Retail ETF, which tracks the segment’s performance on the market, has fallen more than 11% in the month alone and has now dipped nearly 1% thus far in 2019.
“Between the trade war with China and a potentially slower economy here at home, this is a tough moment for retail,” the “Mad Money” host said. “But if you do your homework, you’ll find retailers that can work even in a difficult environment.”
Target and TJX, the parent of discount chains T.J. Maxx and Marshalls, have seen their stock prices rise more than 21% and 13% in 2019,…
Source cnbc.com
