These 4 retail stocks are prime beneficiaries from pantry loading by consumers worried about coronavirus, Stifel says | Markets Insider

Here's Stifel take on the implications of the coronavirus pandemic on these four retailers.Amid the coronavirus pandemic, e-commerce growth continues to accelerate as more consumers stay at home and shop online in order to limit trips to a physical store.

Twenty-seven percent of consumers reported spending $50 more than their average trip at Amazon. Consumer spending intentions were second highest at Amazon, which suggests price and convenience are key factors driving purchase intent currently, according to Stifel. "Intentions for Costco have fared the best out of surveyed brick-and-mortar retailers as the club store over indexes to grocery and as consumers 'stocking up' is consistent with its bulk offering format," Stifel said.

A change in eating habits is also benefiting Costco."66% of consumers responded eating/cooking at home more often ... We think this benefits companies such as Costco, which derives ~60% of its sales from grocery ..."

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on MondayStocks rallied as investors mulled the possibility of re-opening the economy after the coronavirus outbreak. S&P500 only off 2.2% from this time last year. Does that make any sense given the current environment? Lives & livelihoods being lost HerdBehaviour in global markets -ve by over 50% MarginsofSafety DJIA NASDAQ “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” - Charles Mackay
Source: CNBC - 🏆 12. / 72 Read more »

Stocks open higherInvestors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today. realDonaldTrump can you believe this fake news headline. I give it 10 mins and it will be taken down. TSP in the G Fund until this normalizes AKA Trump is on the TV talking about Clinton’s emails or asking Ukraine to investigate the Bidens again Talk about a disconnect from reality.
Source: cnnbrk - 🏆 393. / 55 Read more »