These retail stocks could be exposed to Red Sea disruption, say analysts

A number of retail stocks could be exposed to the fallout from the Houthi attacks on cargo ships in the Red Sea, say analysts. Investor anxiety is “brewing” over ocean shipping rates, according to Wells Fargo. “Concerns around freight costs are rising as Red Sea instability bleeds into the broader shipping complex,” wrote Wells Fargo analyst Edward Kelly, in a note released Friday. “While the situation is fluid, we currently expect a small impact for most, with freight still a tailwind in ’24 overall.”Howev ...