BBY Aug 2024 90.000 put

What a Biden-Trump rematch means for the largest retail stocks

If there has been any constant down the aisles of supermarkets and on the racks at clothing stores, it’s inflation. While inflation has started to cool down, the reality is that prices continue to be high — and that remains a key issue for consumers. Some retailers have fared well against this backdrop, namely Walmart (WMT). Others like Macy’s (M) and Best Buy (BBY) have struggled as households cut back on non-essential items. The issue of inflation will take center stage with voters in the November presidential election and could weigh on retailers until the race for the White House is over. So what’s the best retail investment strategy during this political news storm? Yahoo Finance Executive Editor Brian Sozzi discusses it all with investor, retail expert, author and partner at Wall Street Beats, Jeff Macke.