At the moment, retail stocks look like a sector to keep at arm’s length…
If global economies don’t make their way out of current recessions, which the latest U.S. jobless claims indicates as an actual possibility, major retailers and their stocks could be in trouble.
However, that doesn’t include some of the top discount retail stocks…
You see, in a recession, discount retailers — stores that sell goods at less than the normal retail price — might see an uptick in traffic from customers that, during a bull market, wouldn’t necessarily shop at their store.
And if the stock market continues to encounter murky waters, here are two top discount retail stocks you can purchase today to stay ahead… and safe!
The technology sector, as well as the broader market, has experienced a recent sell-off.
The S&P 500 is now trading below its 50-day moving average, and is in what I like to call the “twilight zone.”
Just take a look at Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN)! Both of their stocks recently lost 30 and 700 points, respectively.
In fact, over 60% of stocks trading above $2 a share are below their 200-day moving average, which officially puts the stock market in a bearish cycle.
While I don’t believe the market is ready to move into a long-term bearish cycle, and is likely experiencing a typical September slump, one group of stocks have bucked this trend…
Which tells us the market just might be favoring the two top discount retail stocks I’m giving away in today’s video.
I warned you about these two discount retail stocks a while back, and if you listened to me then, you made out pretty well.
After you watch today’s video, let me know if you took my earlier advice. If you didn’t already or plan to after watching the video, I’d love to hear your thoughts on these two discount retail stocks in the comment section below.
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