Belus Capital's Sozzi Says Retail Earnings Have Been 'Wacky Strong'

Speaking exclusively to Benzinga, Belus Capital Advisors CEO Brian Sozzi said that though the retail sector earnings results themselves have not been that great, getting on conference calls with some of these companies has shown a different light. “Hearing from the likes of J C Penney Company

and Wal-Mart Stores, Inc.

, early November same-store sales have been starting to pick up,” he said. Sozzi said this is good because it's the first sign of consumers spending cash savings. In addition, he said that cold weather has been beneficial to companies like VF Corp

and its Timberland Company because people are getting back in stores to replenish winter gear.