The 3 Best Retail Stocks to Buy in July 2024 | Markets

At first glance, the concept of acquiring the best retail stocks might seem counterintuitive. After all, it wasn’t that long ago that government agencies removed Covid-19 restrictions. Prior to that event, the pandemic wrought significant devastation on the global economy. So, acquiring equity in retailers – whether discretionary or otherwise – seems risky.

People should be saving money, after all. Look at what’s going on in China. Young people – the nation’s Generation Z members – are engaging in a phenomenon called revenge saving. However, an important point to remember here is that it largely appears to be a Chinese phenomenon. In other countries (including here at home in the U.S.), consumers are eagerly opening their wallets.

Indeed, a Vox article seemingly bemoaned in its title, “Why are Americans spending so much?” To be fair, there are quite a few households that are hurting and therefore trimming their budget. However, because of the K-shaped recovery, there are also plenty of people buying what they can. It sets up an interesting framework for the best retail stocks to buy this month.

Amazon (AMZN)

In terms of growth opportunities, Amazon (NASDAQ:AMZN) may appear long in the tooth. Certainly, it’s a mature enterprise and there doesn’t seem to be much more it can do to dominate….

Source investorplace.com

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