Driving the retail plunge was a combination of a lower-than-expected GDP number and concerns over President Trump’s aggressive proposed trade policies. Specifically, investors are starting to worry that a possible Mexico border tax will drive up the cost of imported merchandise and put heavy pressure on margins. Of course, if Trump and Mexican President Pena Nieto can figure out a way to not hammer the $584.0 billion in trade between the two border nations, the wounded retail sector might be offering investors with some attractive income opportunities. With that in mind, let’s take a look at seven dividend retail stocks that look particularly intriguing. As always, none of the companies on this list should be considered formal recommendations, but rather as suggestions for further research...
Guess?, Inc. (NYSE:GES) stock fell 2.5% on Friday and is now down a depressing 30% over the past year. The one-time fashion icon has been struggling to stay relevant in an increasingly intense fashion space, and its fundamentals are suffering because of it. Gap Inc (NYSE:GPS) stock was hit especially hard amid the Trump trade fears, falling by more than five percent on Friday. Much like rival Guess, Gap has experienced deteriorating financials over the past few years amid fickle consumer spending and fashion trends. Macy’s Inc (NYSE:M) stock sank 2.7% on Friday, extending its poor performance in January. Early in the month, M stock plunged 14% in a single day after the department store operator posted disappointing holiday sales and issued a weak full-year forecast. Much like fellow department store Macy’s, Nordstrom, Inc. (NYSE:JWN) has been feeling intense competitive pressure of late. Target Corporation (NYSE:TGT) stock wasn’t hit as hard as many of its retail counterparts on Friday, falling just 0.7%. Wal-Mart Stores Inc (NYSE:WMT) slipped 1.6% on heavy volume and is now off about 10% over the past six months. Finally, we have Costco Wholesale Corporation (NASDAQ:COST) stock, which declined 1.2% on Friday.
Source: Income Investors
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- 5 Dividend Stocks To Build Your Future Security
- 7 Dividend Stocks With A Low Payout Ratio
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
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