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Rating:Pick Retail Stocks Wisely, Says Fido PM Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 13, 2013

Pick Retail Stocks Wisely, Says Fido PM

News summary by MFWire's editors

Fidelity [profile] PM Peter Dixon spoke on CNBC's "Fast Money," CNBC's Katie Young writes.

The five-star fund PM said investors will still do well by retail stocks, as long as they pick wisely, Young reports, saying, "The consumer is being picky, so as an investor, we need to be picky as well…And there are clear winners and losers."

Young quotes Dixon as saying, "From a category perspective, global fast fashion retailers and auto parts are our favorites right now. You do not see teen retailers or department stores in my holdings."

Fidelity Select Retailing Fund is the top performing fund in its Morningstar category and owns TJX Companies, Autozone and Inditex, parent company to the clothing store chain, Zara, among its 33 stocks, Young writes.

To read more, click here

Edited by: Casey Quinlan

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