Retail Stock List
I must admit the fact that consumers continue to spend despite any strong or sustained job growth and continued weakness in housing is encouraging. With consumer spending accounting for two-thirds of GDP, retail sales will eventually be stronger when the jobs and housing areas improve, albeit it will…
So far, even without strong job growth and with continued weakness in housing, consumers continue to spend, which is helping to drive the economic renewal, albeit sluggishly. This is positive and clearly encouraging once the jobs and housing areas improve. The Fed realizes this. The headline Retail Sales…
Everyone knows that consumer spending drives the economy and gross domestic product (GDP) growth. The headline Retail Sales reading for April jumped 0.5%, which was slightly below the estimate of 0.6% and down from an upwardly revised 0.9% in March. Excluding the auto portion, Retail Sales increased a…
Looking at retail? Want the sure-bet plays? My investment advice and best stock advice to you would be to stick with the leading discount bellwether retail stocks, such as Wal-Mart Stores, Inc. (NYSE/WMT) and Costco Wholesale Corporation (NASDAQ/COST). Costco delivered $348 million, or $0.79 per diluted share, in…
Two important facts in these changing economic times: Fact number one: The higher-end crowd is making money again. The economy has improved, Wall Street bonuses are back in vogue. Luxury buyers are loosening their purse strings once more. Fact number two: There is an increasing disparity between low-income…
If you need sure-bet plays in retail, you have to stick with Wal-Mart Stores, Inc. (NYSE/WMT) and Costco Wholesale Corporation (NASDAQ/COST). Costco delivered with strong results on Wednesday, after posting earnings of 312 million dollars, or $0.71 per diluted share, above the consensus estimate of $0.69 per diluted…
Women’s retailer Talbots Inc. (NYSE/TLB) axed its sales estimates for the third quarter and 2010 to negative growth. This is not encouraging, but may be more store-specific than industry wide. Nevertheless, given the current mood in the retail sector, there could be some tough times ahead. For consumers…