This leading indicator for retail shows the worst is yet to come (via tradingnation)
"Dollar General stands out in particular because it broke out to the upside to a new all-time high in a fairly significant way," he said. "It's a little overbought and may need to pull back a little near term, but that's holding up very well.", which is a little oversold, rather than some of the ones that are really having a tough time fighting with Amazon, not only in the last few months but in the last few years, " he added.
As Amazon's dominance in e-commerce has grown, traditional brick-and-mortar retailers have struggled to keep pace. In the last five years, Amazon's stock has soared more than 460%, while the XRT has lost 2%. Washington Crossing Advisors' Chad Morganlander doesn't necessarily believe that it's a zero-sum game between Amazon and traditional retailers.
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