Tomahawk, WI 07/21/2014 (Basicsmedia) – Bad weather has been cited as the main the retail sector has been the worst performing sector in the market since the start of the year. Despite the ongoing challenges in the retail sector, there are a number of stocks that have picked gradually throughout the year to provide some of the best growth opportunities and returns on investment. Wedbush Securities Equity Research V.P, Corinna Freedman, in an interview on Fox Business could not fail to point out VF Corp (NYSE:VFC), Deckers Outdoor Corp (NYSE:DECK) and Under Armour Inc. (NYSE:UA) as some of the top picks in the space that have continued to outperform amidst the ongoing uncertainty in the space.
Under Armour Inc. (NYSE:UA) remains the top pick in the space taking into consideration its stock price is way above its 52-week low of $29 and now trading at high margins of $57. International growth opportunities that the stock is offering remains the most attractive feature for the stock according to Freedman. Under Armour Inc. (NYSE:UA) has also been building its footwear presence, with new brands that have gradually allowed it to increase its market share.
“We like Under Armour for its international growth opportunities, they are also building up their footwear presence this is a new category for them, restarted a couple of years ago and they are gaining traction in the market right now,” said Freedman.
Freedman advices on choosing a stock that has athletic footwear and cold season wear as the markets in this space continue to show signs of massive growth opportunities.
Deckers Outdoor Corp (NYSE:DECK) makes its way into the list having developed a number of brands geared towards both mass and niche markets. Deckers Outdoor Corp (NYSE:DECK)’s is reportedly preparing to launch a new line for twins which according to Freedman should allow them to gain some traction in the industry in terms of market share.
“They have got a new line for twins coming out which will get them a little bit of market share that’s a new high for them for 8-13 year’s kids,” said Freedman
Freedman is also keeping a close watch on VF Corp (NYSE:VFC), which reported 16-% growth in earnings for the second quarter that came in at 36 cents a share. VF Corp (NYSE:VFC)’s bottom line continues to benefit from direct-to-consumer businesses, as well as international businesses and Outdoor & Action Sports. The company’s revenue was also up by 8% coming in at $2.402 billion.