That's become a surprisingly powerful stock market theme in 2020, as people who have few travel and outside entertainment options are getting busy sprucing up their homes.
Bank of America analysts Elizabeth Suzuki, Curtis Nagle, and Justin Post, are giving investors tips on how to benefit from this trend.
That's an especially big deal for retailers who focus on do-it-yourself-ers. Meanwhile, a drop in spending on vacations and cars is freeing up income for major home-goods purchases, which is good news for high-end home furnishings retailers. "There appears to be pent-up demand for high-ticket home furnishing categories such as sofas and mattresses, particularly for high-income consumers," the analysts wrote.
They combine those observations with the well-known increase in online shopping and the new trend toward spending on home offices asPulling that together results in this list of eight "Buy"-rated stocks. Each benefits from at least one of four trends: Home improvement, home furnishings, bedding, and online retail. The analysts also included commentary on the bullish thesis for each stock.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The status quo wins another day.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market picks, investing strategy amid high volatility: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I lost six figures during the stock market drop, but I kept investing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lululemon is buying Mirror for $500 million as at home workouts surge - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😍 What an awesome story and so crazy how this news came out the same day as we released our episode with Chip Wilson, the founder of lululemon on TheFounderHour podcast. You can listen here:
Source: BusinessInsider - 🏆 729. / 51 Read more »
Postmates revives IPO plans amid food delivery deal boom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »