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Furthermore, retailers’ online segments are thriving, owing to increased demand, massive discounts, and the sheer convenience they offer ahead of Christmas and New Year.
Therefore, we think it could be wise to bet on fundamentally sound retail stocks Best Buy Co., Inc. (NYSE:BBY), Ulta Beauty, Inc. (ULTA), Genuine Parts Company (NYSE:GPC), and Williams-Sonoma, Inc. (WSM). These stocks are currently trading below their 52-week highs.
