- Retail sales came in strong for November with 12 out of 13 categories in positive territory for the month. Compared to last year, retail sales were up 6.3% during the month.
- Many of the strongest year-over-year gains were recorded in categories that have been limping along for parts of the year, including gas stations (+12%), furniture/home furnishing stores (+8%), auto dealers (+7%) and electronics/appliances stores (+6%).
- The nonstore retailers category (Amazon (NASDAQ:AMZN) and gang) showed a 2.5% M/M and 10.4% Y/Y increase in sales for the month.
- The broad-based nature of the retail sales print should add some legs to the recent rally in the sector. Watch some of the usual suspects such as Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Best Buy (NYSE:BBY), Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Macy's (NYSE:M), Gap (NYSE:GPS), Costco (NASDAQ:COST), Five Below (NASDAQ:FIVE), Dollar General (NYSE:DG), Signet Jewelers (NYSE:SIG) and Williams-Sonoma (NYSE:WSM).
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