Zacks Picks Five Retail Stocks as US Sales Rise in June

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

U.S. retail sales rose 0.2% in June, matching expectations and marking a 6.7% year-over-year gain, as lower gasoline prices and a surge in online spending supported the sector. Receipts at gas stations fell 5.3%, while online retail sales climbed 1.9%, helped by Amazon Prime Day. Against this backdrop, Zacks Investment Research highlights five retail stocks with strong online presence and favorable earnings outlooks: Amazon.com, Five Below, Dollar Tree, Target, and The TJX Companies. Five Below carries a Zacks Rank #1 with expected earnings growth of 35.1% for the current year, while Amazon.com, Dollar Tree, Target, and TJX hold a Zacks Rank #2, with earnings growth estimates ranging from 9.3% to 23.6%.

Impact on stocks 5

Consumer Staples · 2 stocks
Dollar Tree Inc
DLTR
▲ PositiveDemandrelevance

Rising US retail sales and strong online spending support Dollar Tree's sales outlook.

Target Corporation
TGT
▲ PositiveDemandrelevance

Rising US retail sales and strong online spending support Target's sales outlook.

Consumer Discretionary · 2 stocks
Five Below Inc
FIVE
▲ PositiveDemandrelevance

Rising US retail sales and strong online spending support Five Below's sales outlook.

The TJX Companies Inc
TJX
▲ PositiveDemandrelevance

Rising US retail sales and strong online spending support TJX's sales outlook.

Artificial Intelligence · 1 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Online retail sales climbed 1.9% helped by Amazon Prime Day, boosting Amazon's e-commerce demand.