The American consumer’s purchasing power remains as strong as ever, even in the face of an uncertain economic environment. This ongoing display of economic resilience has prompted many investors to turn their attention towards consumer-focused stocks.
Three stocks in particular – Amazon (AMZN), Walmart (WMT), and VF Corporation (VFC) – look particularly attractive to those seeking to capitalize on consumer spending. All three have shown impressive resilience in the face of current economic hardships.
Amazon, the iconic e-commerce giant, has seen phenomenal growth over the past year, most notably in its cloud computing sales. Its stock price has skyrocketed as a result. In addition, the company’s foray into the streaming video market is having a positive effect on Amazon’s share price.
Walmart, the retail powerhouse, is another stock that has done well in recent months. The company’s focus on value-oriented shopping, along with its strong online presence, have allowed the company to remain competitive in a difficult economic environment. Walmart’s stock price continues to climb, and is currently near its all-time high.
Finally, VF Corporation, the company behind the Vans, The North Face, and other brands, has also done very well. The company’s diverse portfolio of fashion and outdoor brands has allowed them to remain relatively immune to current market fluctuations. Their strategic acquisition of Canada Goose is another step in the right direction, as it should provide a boost to their already robust portfolio.
These three stocks are each worth considering for your watch list. All three have proven their ability to withstand economic turmoil, while also showing an impressive ability to grow and adapt to changing consumer trends. With the right approach and smart investment decisions, investors can take advantage of the current environment and capitalize on these stocks’ strong performances.