For Once, It Could Pay To Buy RetailBy
At first blush, searching for value in today's stock market seems akin to shopping for bargains on Rodeo Drive. Sky-high tech stocks have fueled a 23% rise in the market so far this year. But some money managers say there's still one sector offering good buys with little risk: retail. "This is the first time in a long time I've been positive on the group," says NatWest Securities Corp. analyst Robert F. Buchanan. "We're seeing a window of opportunity."
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