DLTR Aug 2024 150.000 call

Avoid Dollar Tree stock in discount retail sector: Strategist

On Wednesday's Good Buy or Goodbye segment, Freedom Capital Markets Chief Global Strategist Jay Woods joins Market Domination host Julie Hyman to do a price check on his previous retail sector call.  Costco (COST) remains Woods' "good buy," highlighting the company's strong technicals, consistent earnings, and attractive fundamentals. However, Woods concedes that the stock is historically expensive, given its high P/E ratio. On the other hand, Woods says "goodbye" to Dollar Tree (DLTR), pointing to its negative price action and competitive environment as big retailers lower prices.  For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy