Search a ticker

Categories
Consumer Stocks Featured Investing Stocks to Watch

Do You Have These Retail Stocks On Your List? 4 Names To Watch

Are These Retail Stocks Growing Despite The Coronavirus Pandemic?

retail stocks to buy

Retail Stocks To Buy [Or Sell] Right Now: Luckin Coffee

Last on the list, most investors would know what happened with Luckin Coffee (LKNCY Stock Report) earlier this year. In case you haven’t been paying attention, the Luckin stock was halted after a scandal involving the company inflating its reported revenues. Eventually, LK stock was booted from the Nasdaq Exchange altogether. During the spring months, LK stocks plunged by as much as 95%. Today, the stock is only tradeable in over-the-counter markets.

Investors have been anticipating a heavy punishment against the “Starbucks Of China”. But it is reported that Chinese regulators decided to fine Luckin and a number of connected firms around $9 million. To Luckin shareholders, that is a relief to know that punishment wasn’t all that bad. There is a decent chance Luckin will be able to survive, as the outlook of the company is starting to improve.

Many analysts have become increasingly bullish on Luckin stock. While some would say the absence of “negative news” is good news in itself, some believe that the company’s strategy has really improved. Either way, with Luckin stock only trading around the $2-$4 dollar range, is LKNCY stock a top retail stock to buy under $5?

By Brett David

Brett David is a digital marketing and finance professional for nearly 10 years now and a contributing author for StockMarket.com. His passion for digital marketing and the stock market began after graduating with a B.S.B.A in business administration and finance. After completing college, he went on to becoming an entrepreneur in the marketing and finance space, which led to becoming a contributor to outlets such as ThriveGlobal.com, MarijuanaStocks.com, MarketingAgency.com and SearchEngineWatch.com.

Brett loves the ability to deliver to his readers engaging and educational content that can be easily consumed by the reader. He enjoys writing about a wide variety of companies ranging from blue-chip stocks to the undervalued small and micro cap stocks. His favorite stock market sectors today to write about are: Tech, Cannabis, Mining, Biotech, and TMT.

Brett has worked with hundreds of publicly traded companies on increasing their digital footprint and corporate outreach since 2013.

You can find Brett most of time digging through corporate filings conducting fundamental analysis or at an industry conference looking for the next big trend or company to hit the street. His digital marketing experience gives a competitive edge over other contributing authors by allowing him to see and analyze trends faster than the next person.

Brett, a South Florida native, enjoys spending time with his wife and son outdoors, and is an avid basketball and MMA fan.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments