Buy Retail Stocks at Wholesale Prices

Department-store stocks have lost one-fifth of their value in the past five years, while the overall stock market has nearly doubled.

(Image credit: Grigorenko)

I’m constantly looking for unloved sectors, but in a bull market that just celebrated its eighth birthday, despised industries aren’t easy to find. Over the past five years, energy was down a bit and real estate was flat, but both have bounced back lately. In the past 12 months, the overwhelming majority of sectors tracked by Standard & Poor’s registered gains. One notable exception: department-store stocks.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

James K. Glassman
Contributing Columnist, Kiplinger's Personal Finance
James K. Glassman is a visiting fellow at the American Enterprise Institute. His most recent book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.