While the “Trump trade” has roiled the bond markets and led to a big jump for sectors like financials based on policy outlooks, let’s not forget the American consumer isn’t going to wait until after Inauguration Day in 2017.
Holiday spending trends matter. And right now they aren’t quite as rosy as some had hoped.
All that could result in a rough fourth quarter for retailers as a group, but there are some bright spots amid these challenges.
Here are five names I think will cash in both this December and into 2017 thanks to their strong consumer-driven businesses.
Foot Locker Inc.
As a rule, I tend to dismiss mall retail names like this out of hand. But with revenue growth averaging nearly 25% annually over the past five years coupled with a forward price-to-earnings ratio of less than 14 right now, it’s hard to lump this stock in with the other battered names in retail.
Bigger-picture, shoes are a massive discretionary segment that is as focused on fashion and luxury trends as any high-end apparel business. Men’s athletic shoes, the staple trade of Foot Locker, are
If you’re an old-school investor who still thinks it’s only rich housewives spending their afternoons trying on expensive shoes, it’s time to get with the times and take a closer look at Foot Locker. The company
Big-box giant Costco Wholesale Corp.