Retail stocks track for best month ever, but trader says only two are a buy [MSNBC.com]
Amazon.com, Inc. (AMZN)
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Source: MSNBC.com
VIDEO4:3504:35 is on track for best month ever, but trader says only two look like a buy is rebounding.TheXRT retail ETFMacy'sNordstromStrategic Partners' Mark Tepper, however, does not trust in the retail rally."I don't think it's justified. I think the market is really pricing in that the economy is going to rebound a lot faster than it actually will. And when you look at this, a high unemployment rate typically doesn't bode well for highly discretionary items," Tepper said on CNBC's "" on Tuesday.The best performers this month includeWayfairEtsyBest BuyKohl's"We're going to stick with the winners. These are the companies that embrace digital and more customer-friendly options before the crisis and that for us isAmazonTargetAmazon has risen 19% in April, while Target has rallied 20%."Amazon's that 800-pound gorilla as it relates to e-commerce. They're hiring a bunch of people for a good reason. You throw in the cloud, which is really where this entire economy is headed. And don't f
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