] 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
, parent company to the clothing store chain, Zara, among its 33 stocks, Young writes.
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