Tag: Household Goods/Hardware Stores

Opinion: The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer

One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. From e-commerce platforms to home improvement stores to furniture and housewares merchants, many of the top performers have fit this flavor. Take the broad-based Vanguard Consumer Discretionary Index Fund ETF VCR, […]

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Target’s traffic growth tops Costco, a good sign with back-to-school and holidays still to come

Target Corp. has had average traffic growth of 4.8% over the last 13 quarters, just one of the reasons why the retailer was upgraded to buy from neutral at UBS. UBS raised its price target on Target TGT, +0.55% to $265 from $210. The traffic growth figure exceeds those from Costco Wholesale Corp. COST, -0.31%, […]

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GameStop stock swings lower after earnings

GameStop Corp. stock sank in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales. GameStop GME, -6.55% shares initially rose by more than 8% after the report, but sank soon after, […]

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Opinion: Don’t expect an economic boom, because there’s little pent-up consumer demand

NEW HAVEN, Conn. (Project Syndicate)—As the second vaccine shot went into my arm, I could almost taste the instant gratification of deferred desires. Having done without for nearly a year, it was time to indulge. While I was lucky enough—actually, old enough—to be included in the first wave of inoculations, the rest of America is […]

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