Higher Tax Refunds to Boost Select Retail Stocks in 2024
Increased 2024 tax refunds, projected by Wolfe Research due to IRS inflation adjustments to tax brackets and standard deductions, are expected to particularly benefit lower-income consumers and positively impact select retail stocks like Walmart, Ross Stores, and Five Below.
Higher Tax Refunds to Boost Select Retail Stocks in 2024
Increased 2024 tax refunds, projected by Wolfe Research due to IRS inflation adjustments to tax brackets and standard deductions, are expected to particularly benefit lower-income consumers and positively impact select retail stocks like Walmart, Ross Stores, and Five Below.
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52% Bias Score
Pre-Market Movers: Lululemon Soars, Samsara Plunges on Earnings
Pre-market trading saw significant stock movements: Lululemon surged 9% on strong Q3 results, while Samsara fell over 9% due to soft Q4 guidance; other companies like Ulta Beauty, GitLab, and Rubrik saw gains exceeding 8%, while UiPath and AMC Entertainment experienced declines.
Pre-Market Movers: Lululemon Soars, Samsara Plunges on Earnings
Pre-market trading saw significant stock movements: Lululemon surged 9% on strong Q3 results, while Samsara fell over 9% due to soft Q4 guidance; other companies like Ulta Beauty, GitLab, and Rubrik saw gains exceeding 8%, while UiPath and AMC Entertainment experienced declines.
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40% Bias Score
Market Volatility: JetBlue and Salesforce Soar, While Chewy and Foot Locker Plunge
Midday trading saw mixed results, with JetBlue and Salesforce shares surging 8% due to positive financial reports, while Chewy and Foot Locker fell by almost 4% and over 6%, respectively, following disappointing earnings reports.
Market Volatility: JetBlue and Salesforce Soar, While Chewy and Foot Locker Plunge
Midday trading saw mixed results, with JetBlue and Salesforce shares surging 8% due to positive financial reports, while Chewy and Foot Locker fell by almost 4% and over 6%, respectively, following disappointing earnings reports.
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48% Bias Score
Goldman Sachs Bullish on Retail Stocks in 2025
Goldman Sachs predicts retail stock growth in 2025 due to sustained consumer spending and diversification of revenue streams; Ollie's Bargain Outlet and Target are highlighted as promising investments, while Ulta, Williams-Sonoma, AutoZone, and RH receive less optimistic assessments.
Goldman Sachs Bullish on Retail Stocks in 2025
Goldman Sachs predicts retail stock growth in 2025 due to sustained consumer spending and diversification of revenue streams; Ollie's Bargain Outlet and Target are highlighted as promising investments, while Ulta, Williams-Sonoma, AutoZone, and RH receive less optimistic assessments.
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52% Bias Score
Strong Retail Sales Growth Impacts Alibaba, Dillard's, and JD.com Stocks
U.S. retail sales increased 0.4% in October 2024, exceeding expectations; Deloitte forecasts a 2.3%–3.3% rise in holiday sales (\$1.58–1.59 trillion), with e-commerce sales projected to grow 7%–9% (\$289–294 billion), potentially impacting stocks like Alibaba, Dillard's, and JD.com.
Strong Retail Sales Growth Impacts Alibaba, Dillard's, and JD.com Stocks
U.S. retail sales increased 0.4% in October 2024, exceeding expectations; Deloitte forecasts a 2.3%–3.3% rise in holiday sales (\$1.58–1.59 trillion), with e-commerce sales projected to grow 7%–9% (\$289–294 billion), potentially impacting stocks like Alibaba, Dillard's, and JD.com.
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44% Bias Score