Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Are Consumers Buying Again?

Details

  • Description

    NBG Productions Chief Equities Analyst Brian Sozzi on the outlook for retail sales.

  • Duration 3:47
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

November retail sales data came out today okay showed a rise of three tenths of a percent from October 2 but one analyst says.

Nothing positive in this report so should investors still be shopping for retail stocks -- -- a salad is retail blaze is Brian -- he's chief equities analyst at NBG productions and our touchstone for what's happening in the retail sector and this guys right more often than not like -- -- right now at this morning -- of course I was listening and Buren -- is very often -- does not get their rights that they -- -- Allah is great news for the retail sector November sales were up you say it's exactly the opposite your role tone should have been down while I.

Obviously these numbers basically -- -- -- because he told you everything that we already knew from the mobile payment data early in the mall Black Friday Cyber Monday ball law.

I would like to see these numbers if everything is okay -- land.

Really really be consensus -- -- the fact that he did I think is quite telling.

And confirmed after seeing it in the stock action with the consumer discussion -- -- penny by the green -- what you have to jump outside these numbers and see what he's really going on them.

Do that let's look at things like appliances and electronics I mean that the electronics seem to be -- holiday -- of the season.

Plus when it comes to appliances you're looking -- a cycle.

But perhaps is coming to an -- -- I'm hanging on to my prior -- I had gossamer thread at this point we I don't wanna buy new ones but.

You know at some point you have to do -- are we not at points where we would see some positive signs there.

Walt think what -- -- I mean you have a Whirlpool for example had a great quarter.

Housing plate electronics Best -- is actually price matching -- a price matching war between them Amazon's which -- lot of sales.

But tech and appliances where some of the most interesting things -- our full price goods.

Seem to be moving those bigger ticket areas but not everybody wins in this environment you see a lot of retailers not -- -- very competitive on price lose.

Dollar General -- Wal-Mart.

This -- is that their shoppers are changing the patterns and how they shop.

With a couple weeks left for the season.

It's the don't have OK let let's talk about -- high priced items that Tiffany but look at particular Tiffany you say is really under the gun right now.

And -- not for what you usually think that big diamond rings everything but for the sales of items under 500 dollars that's.

Where they really get the mark up bright and on those sales sales of less than 500 dollars they're really -- -- the right date they came -- called -- gonna have to go very bad guy and what's not working and ask for racial consumer.

That by sinks through a fiber also put something in their credit card they can't really afford that consumers not working if you look at Saxon stock is up the DOS PC endorsement -- That's the upper upper income they seem to be doing okay kinda outside this fray with -- OPEC.

So would you buy those stocks is the Nordstrom's of the world where to like get most -- right now I'm not buying too high and it seemed a little bit of improvement here in the stock -- or.

How we actually I actually made the call that the numbers we saw police -- -- Black Friday where is the key it was that was ultimate point of the climax of enthusiasm right now you either out of the sector completely.

Looking are running industrial stock to 2013 we're training and -- -- and Best Buy believer not -- -- don't -- like an Abercrombie & Fitch don't want to how what can we are near to because I think towards end this month you going to see least look at the market.

Consumers making some tough decisions here has fiscal cliff.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Up even if you look at some of the other credit -- -- at middle income consumers like a Visa.

Not doing so hot right now.

So American Express or -- -- -- -- the high end items or of offering -- that's probably had -- -- don't confuse Tiffany with -- when you say -- and you think Tiffany let me out -- garlic.

Okay thank you very much good IC brown associate excellent stuff --

Load More