Zacks.com releases the latest Analyst Interview. Today’s interview is with senior analyst Rob Plaza, who discusses Saks, Inc. (NYSE: SKS), Nordstrom (NYSE: JWN), GameStop (NYSE: GME) and Zumiez (Nasdaq: ZUMZ).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
As far as top Buys at this point, what recommendations would you make for us?
I still like names on the high end of retail, like Saks, Inc. (NYSE: SKS) and Nordstrom (NYSE: JWN). I’m still a big fan of the video game cycle – I like GameStop (NYSE: GME). And I like some teen apparel names. I recently upgraded Zumiez (Nasdaq: ZUMZ) from a Hold to a Buy.
You had a Buy on that company [Zumiez] for awhile, then you pulled it back, what, on valuation?
Yeah, it was pretty much valuation. And it’s a volatile stock. For retail investors looking at specialty retail names, you’ve got to kind of give a little more leeway – or give these stocks a leash – because they do flop up and down quite a bit more than the normal stock; they’re much more volatile.
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