On CNBC's "Fast Money," Carter Worth of Cornerstone Macro analyzed four stocks from a technical standpoint.
Since its March lows, Bed Bath & Beyond Inc. BBBY has jumped from $3.50 to $25, but Worth believes that the weakness from the pandemic has just accentuated what has been an ongoing problem. He sees the move as overdone and he would be a seller of the stock.
L Brands Inc LB is another example of a strength to fade. The stock is in a long-term bear market and Worth would sell the recent strength.
Target Corporation TGT and Walmart Inc WMT are examples of strong businesses getting even stronger, explained Worth. He would be a buyer of these stocks.
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