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3 Retail Stocks to Check Out Now

These companies stand to gain from increased consumer spending

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retailshopping185 3 Retail Stocks to Check Out NowWhile consumer spending was a big uncertainty a few months ago thanks to hangover from the “fiscal cliff” debacle and payroll tax increase, there are a number of improving data points that suggest spending is quite strong.

In July, U.S. consumer spending rose at its fastest pace in seven months. Also, retail sales grew for the fourth consecutive month, with a 0.3% advance after a 0.4% increase in June.

As the American economy continues to get its act together, these numbers will continue to move higher, too … and that means investors looking to play the retail sector should load up on related stocks sooner rather than later.

As consumers continue to increase spending, a strong back-to-school shopping season coupled with a great holiday run could push a number of retail investments sky-high.

Here are five such picks to consider now before the seasonal shopping spree kicks off in the months ahead:


Article printed from InvestorPlace Media, http://investorplace.com/2013/08/3-retail-stocks-to-check-out-now/.

©2014 InvestorPlace Media, LLC

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