Needham Growth Is Buying Industrial And Retail Stocks

Bernard Lirola of Needham Growth is currently buying retail stocks and industrial stocks. They think that retail stocks have a lot of leverage over manufacturers and that retailers started to offer exclusive products which will lower price competition.

One of their favorites is Dick's Sporting Goods (NYSE: DKS), and they also like Iconix Brand Group, Inc. (NASDAQ: ICON). Whole Foods Market, Inc. (NASDAQ: WFMI) is also one of their top picks, along with Morton's Restaurant Group, Inc. (NYSE: MRT) and Actuate Corporation (NASDAQ: ACTU).

Dick's Sporting Goods (DKS) jumped 1.96% and closed at $22.40, while Iconix Brand Group (ICON) gained 2.83% reaching $15.99. Whole Foods Market (WFMI) had a great trading session with a jump of 4.28% it settled at $30. Morton's Restaurant Group (MRT) was also up on Monday but it gained only 0.23%. Actuate Corporation (ACTU) added 2.48% to close at $5.79.