These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says. Check out CNBCPro today.

Consumer retail, apparel and food and beverage companies are well positioned ahead of the holiday weekend, according to Bank of America, as the U.S. continues to recover from the Covid-19 pandemic and consumers are expected to return to social gatherings and events around the holiday.

"As the U.S. heads into the long weekend for Memorial Day with COVID-19 case counts that are near 1-year lows, we expect some return to more 'normal' consumer behavior around the holiday weekend, including social gatherings , and road trips," the note to clients Friday said. B of A highlighted several buy-rated stocks that are poised to benefit from summer activities. Home improvement and housing-related spending, furniture and home goods and gas station sales have all continued to climb in recent weeks, tracking above 2019 levels, it showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines