The markets as a whole have continued to enjoy the ‘Trump Bump’ this year despite the recent leveling in gains. However, the retail sector is severely lagging behind.
While the Dow has gained over 4% so far this year, retail stocks as a whole are down almost 14%, according to FactSet. And two of the retail stocks we recommend shorting are down almost 30% so far in 2017.
This severe underperformance is what landed these companies on our top three retail stocks to short list…
Retail Stocks to Short No. 3: GNC Holdings Inc.
Shares of GNC Holdings Inc. (NYSE: GNC) have been in steady decline for years. The company hasn’t posted growth in earnings since 2013, when it earned $460.5 million. Last year, the company lost $173 million.
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Despite the losses, GNC continued to increase its dividend payout annually between 2013 and 2016. The dividend stood at $0.22 per share quarterly in 2016.
This post was published at Wall Street Examiner on April 21, 2017.
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