Picking out winners in a soft retail sales report

|By:, SA News Editor

Despite a sluggish reading on retail sales in the U.S. for January, a couple of categories showed some strength.

Building materials and garden equipment sales rose 3.7% Y/Y and 1.4% M/M in what could be a good trend for Home Depot (HD) and Lowe's (LOW).

Grocery stores (KR, SVU, SWY, DEG, IMKTA) outperformed as well, up 4% Y/Y and 0.4% M/M.