Zacks Picks Five Retail Stocks as Sales Surge on Robust Demand

Industry
โดย Zacks Investment Research·Read original
Summary · why it matters

Zacks Investment Research highlights five retail stocks with strong online presence as retail sales continue to surge on robust demand. Retail sales rose 0.9% sequentially in May, the fourth straight monthly increase, driven by aggressive household spending on motor vehicles. The selected stocks are Casey's General Stores, Five Below, Starbucks, Tapestry, and The TJX Companies, all of which have seen positive earnings estimate revisions in the past 60 days and carry a Zacks Rank of 1 (Strong Buy) or 2 (Buy). Casey's General Stores has an expected earnings growth rate of 9.1% for the current year, while Five Below's expected growth rate is 30.4%. Starbucks' expected earnings growth rate for next year is 12.7%, Tapestry's expected growth rate for the current year is 36.3%, and The TJX Companies' expected growth rate for the current year is 9.3%.

Impact on stocks 5

Consumer Discretionary · 4 stocks
Five Below Inc
FIVE
▲ PositiveDemandrelevance

Retail sales surge on robust demand, benefiting Five Below as a retail stock with strong online presence.

Starbucks Corporation
SBUX
▲ PositiveDemandrelevance

Retail sales surge on robust demand, benefiting Starbucks as a retail stock with strong online presence.

The TJX Companies Inc
TJX
▲ PositiveDemandrelevance

Retail sales surge on robust demand, benefiting The TJX Companies as a retail stock with strong online presence.

Tapestry Inc
TPR
▲ PositiveDemandrelevance

Retail sales surge on robust demand, benefiting Tapestry as a retail stock with strong online presence.

Consumer Staples · 1 stocks
Caseys General Stores Inc
CASY
▲ PositiveDemandrelevance

Retail sales surge on robust demand, benefiting Casey's General Stores as a retail stock with strong online presence.