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Looking For The Top Retail Stocks To Buy? 2 Names To Watch

Are these two top consumer stocks on your watchlist this week?

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Are These 2 Retail Stocks A Good Buy For Your Portfolio?

Many retail stocks have been in a bit of trouble in 2020. The issue for retail companies in the current coronavirus pandemic the world is facing. When the pandemic really took over in March, retail locations were forced to close across the globe. This meant that top retail stocks were hit harder than many other sectors when the stock market crashed. Now it seems as if the race is on for retail stocks to make a recovery in the market.

Some retail stocks have been able to do extremely well despite the pandemic issue. One example of this is Walmart (WMT Stock Report) which has climbed to new heights due to staying open as an essential business. This effect was the same for Target Corporation (TGT Stock Report) for the same reason. The issue for many retail stocks is that many places are not allowed to open up yet.

In May reopening was coming to an all-time high during the pandemic, but then cases began to spike. This caused retail stocks to fall once again as stores had to close up for the second time. Evidently this made the market for retail stocks rather volatile in recent times. With all that being said, let’s have a look at two retail stocks to buy (or sell) this week.

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Top Retail Stocks To Buy [Or Avoid]: Camping World Holdings

The first retail stock to watch is Camping World Holdings Inc. (CWH Stock Report). Camping World Holdings is a retail company with a focus on selling RVs and RV parts. The company also services RVs at its locations as well. Currently, Camping World owns and operates 120 locations across 36 states. If the name sounds familiar but you haven’t heard of them before, there is a reason why.  In Orlando, Florida, the company has its name on Camping World Stadium. This stadium is where the Citrus Bowl takes place in college football.

CWH stock was at $16 a share before the pandemic arrived. But it seems that for many people the only hope for traveling during the pandemic is by vehicle. People do not want to risk taking any form of public transportation. So RV sales have been on the rise for this very reason. With the climb of RV sales, CWH stock price has seen the same benefit. As of August 18th, CWH stock is at $35 a share which is a 118% increase from February.

On August 5th, Camping World released its second quarter earnings results. The results stated that revenue increased 9% to $1.607 billion. Its gross profit increased 19.2% to $488.6 million as well. These earnings were good news for this retail company.

The CEO and Chairman of Camping World stated with these earnings, “Over the past 24 months, we have made significant investments and enhancements in our digital capabilities, which has allowed us to quickly pivot and handle the surge in web traffic, call center volume and lead volume that we have seen since mid-April for our products and services.”

That is why CWH stock is a retail stock to watch if you are looking to invest in the sector.

[Read More] Looking For Consumer Stocks To Buy In August? 2 Names To Know

Top Retail Stocks To Buy [Or Avoid]: The TJX Companies

The second retail stock to watch is The TJX Companies Inc. (TJX Stock Report) due to its potential in the market. TJX Companies operates a variety of discount retail stores throughout the world. These include TJ Maxx and TK Maxx, in the United States and Europe respectively. TJX also operates Marshalls, HomeGoods, HomeSense, Winners, and more as well. In over 6 countries, TJX runs 3,300 stores. As of 2020 TJX is ranked number 80 on the Fortune 500 list.

On August 5th, TJX announced that it will report second quarter earnings on August 19th. It seems that TJX stock price is down ahead of these earnings reports. On August 17th, TJX stock was at $59 a share on average. On August 18th, TJX stock price fell to $57.60 a share on average. With earnings coming the following day, investors are unsure about what TJX is going to report. In the first quarter of 2020, TJX had net sales increase 7% to $9.3 billion. But will this number increase or decrease when the new earnings are launched?

That is the very reason that TJX stock is a potential retail stock to buy. With earnings being right around the corner, they could be make or break for TJX stock price. It is still rather unknown what will happen with retail stocks in a time of uncertainty. There are still many retail stocks to keep your eye on despite this. That is why CWH stock and TJX stock could be on your watch list this week.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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