Below is my weekly video for members of Macke's Retail Roundup.
The SPDR S&P Retail ETF (XRT) closed the week up 0.5%, essentially unchanged. But under the surface, there's been a ton of action.
Though it's been a couple of weeks since we've added to the portfolio, we've been plenty busy digesting a deluge of earnings reports and market reactions.
Build-A-Bear Workshop (BBW) just rocketed to new all-time highs on the back of its report Thursday morning. We also heard from Dick's Sporting Goods (DKS) and Costco (COST) —both uneventful— as well as Abercrombie & Fitch (ANF), Macy's (M), e.l.f. Beauty (ELF), The Gap (GPS), and Shoe Carnival (SCVL).
Some of those names are in our portfolio, others are on our watchlist. So there's a lot going on. Sometimes it's better to let the dust settle before jumping into new positions. And that's what we've been doing.
With this week serving as the final big retail earnings week—DG, DLTR, OLLI, FIVE, VSCO, LULU, PV, LE, and GIII all reporting—there will likely be plenty more fireworks.
Here's my weekly portfolio review:
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