3 Stocks to Play the Rebound in Retail Sales: BBY, EAT, CARS
Best Buy(BBY) ZACKS·2024-08-17 03:45
Sales at U.S. retailers bounced back in July following June’s dip as Americans splurged on nonobligatory items like cars, furniture and appliances, to name a few. Consumers opened their wallets despite financial stress due to elevated interest rates and a weakening labor market.Anyhow, the unprecedented increase in consumer spending quelled recession fearmongering. What’s more, with inflationary pressure subsiding, consumer outlays are further likely to increase. Thus, stocks such as Best Buy Co., Inc. (BBY ...