Things are looking up for Best Buy and Dicks Sporting Goods, as economy continues to climb for Disney, Ross, and TJ Maxx.
While investors in the top oil companies have cringed over the past six months as the price of oil has dropped over 50%, the American consumer has gotten a huge shot in the pocketbook. It doesn’t take an economics genius to figure out that filling up the family cars has been cut in half in many areas of the country. A new report from J.P. Morgan indicates that incoming news has increased the confidence of the firm’s economists that the collapse in crude oil prices is lifting growth, both here and abroad.
With consumers having more money to spend, not only are the top retail companies poised to benefit, but J.P. Morgan says so are manufacturers, as both good and services benefit from this increase in income. With consumer discretionary stocks so out of favor in 2014, as well as down 2.08% year-to-date, some of the top stocks in the…
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