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Why You Should Buy Off-Price Retailers Before Earnings

Once upon a time there were areas of retail that were considered safe from Amazon (AMZN), subsectors like auto parts, grocery stores, sporting goods sellers and off-price retail. Now, however, investors are leery of those same sellers of third-party goods because of the ecommerce threat.

That's a mistake, says Wells Fargo's Ike Boruchow and his team. All three major off-price retailers--TJX Cos. (TJX), Burlington Stores (BURL), and Ross Stores (ROST) are off more than 10% since they last reported, compared to a 3.6% gain for the S&P 500, but he argues that the selloff is overdone, and good second-quarter earnings could...