03-12-2021, 09:51 AM
(03-12-2021, 08:27 AM)fenders53 Wrote: Retail recommendations for the near and long term? I'd like to play the stimulus boost. I'll trim before the YOY comps (non-stimulus assisted) come into play. I already own DG and VSTO and add to them on dips. I am thinking TGT. I'd need a dip for HD so maybe just a put sell for now. Open to other ideas. I do prefer something I can hold at least some of the shares long-term so Dividend growth potential is preferred.
TSCO should continue to do well with stimmy checks flowing.
I also think TGT should continue to do well. They've made huge strides in online and curb-side delivery, and with loss of competition with Kmart/Shopko and the likes going out of business in recent years, it should continue to see boost in sales with another big round of stimulus checks coming through.
LOW, HD, COST.
ROST and TJX as the economy opens up.
This round of stimulus will have a big impact on lower and middle-class families. A family of five gets $7000 plus there are extra payments over the course of the year due to expanded child tax credits.
Retail should do very well, the question is how much is already baked in to share price.