Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness.
Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs.
At the same time, Goldman downgraded shares of Ulta to neutral from buy, citing tougher growth in 2023 after a solid year.
It has sell ratings on shares of Bed Bath & Beyond, Big Lots and Williams-Sonoma.
On the flip side, it has buy ratings on shares of Walmart, O'Reilly Automotive, BJ's Wholesale Club, Dollar General, Dicks Sporting Goods, Five Below and more.