3 Riveting Retail Stocks to Put on Your Must-Buy List
Costco(COST) Investor Place·2024-08-15 10:29
The U.S. Commerce Department reported that retail sales in June remained unchanged, countering concerns about the economy entering a recession. The stability in retail sales –and, by extension, retail stocks — was primarily due to a balance between a decline in auto dealership receipts and robustness in other sectors, suggesting a resilient consumer base and supporting a positive outlook for economic growth in the second quarter.The department’s findings also indicated that retail sales in May were higher t ...