As retail sales show a modest increase of 0.1% in May amid persistent inflation and cautious consumer spending, certain stocks still stand out as potential winners.
Better pricing, effective inventory management and operational initiatives are likely to drive Retail - Discount Stores companies. Costco (COST), Target (TGT), Dollar General (DG) and Burlington Stores (BURL) look well-placed.
Dow Jones leader and Magnificent Seven stock Amazon is approaching a buy point on the stock market today.