Finance

Holidays spark demand for retail stocks: Oppenheimer’s Alon Rosin

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It appears the Black Friday deals aren’t just at your favorite mall.

Oppenheimer’s Alon Rosin suggests the holiday rush is alive on Wall Street, too.

He’s seeing investors take positions in retail stocks at a robust pace right now.

“We’ve seen a lot of positive flows in XRT, the retail ETF, Best Buy and select retail names,” the firm’s head of institutional equity derivatives told CNBC’s “Trading Nation” on Wednesday. “They’ve gone up anywhere between 3 to 10 percent on average this past week relative to the S&P [500] which is up a percent. So, we’ve seen a lot of outperformance and positioning positively ahead of this weekend.”

Rosin doesn’t see a coincidence in the intersection of interest…



Source cnbc.com

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