Financial Digest

Here’s what a hot retail sales report says about 3 consumers stocks in our portfolio

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

We're encouraged by the year-over-year strength in online sales and food services and we think TJX can outshine any slowdown in clothing.

Looking ahead, the September numbers don't reflect the restart of student loan payments. We're going to have to see if that slows consumers down. If student loans were to be a drag on Americans' spending, then the Fed might be able to overlook the stronger September retail sales and not put the data in the "we need to hike again" category. We're also optimistic heading into the holiday shopping season.

U.S. retail sales for last month came in much stronger than expected on Tuesday, signaling shoppers were not deterred by sticky inflation. That's certainly good news overall for consumer stocks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US retail sales beat expectations in September; core retail sales rise solidlyU.S. retail sales increased more than expected in September as households boosted purchases of motor vehicles and spent more at restaurants and bars, suggesting the economy ended the third quarter on a strong note.
Source: Reuters - 🏆 2. / 97 Read more »

Retail sales rise on strong car sales and internet buying, U.S. economy not slowing muchHoliday-shopping season is fast approaching
Source: MarketWatch - 🏆 3. / 97 Read more »