3 Must-Own Retail Stocks Primed for a Tax Refund Rally

Tax refunds from the Internal Revenue Service (IRS) are up this year. The tax agency reports the average refund issued so far in 2024 is worth $3,182, up 5.1% from $3,028 last year. This is good news for tax filers who likely already have in mind what they will do with their refund. And it’s a safe bet that a lot of people will spend at least a portion of their tax refund at retail outlets. After all, spending by consumers accounts for nearly 70% of the American economy.The retail sector in the U.S. remains ...