Are you already in a holiday mood for Thanksgiving stocks? The US retail industry is gearing up for 2021’s homestretch.
Despite doom and gloom scenarios of high inflation and worker shortages, the markets are pretty upbeat over the approaching holiday season.
This year, Black Friday is poised to make a comeback. Last year’s lack of working vaccine dampened shopper spirits, many of whom went online to purchase their frustrations away.
Economists are predicting that retail sales will pick up once again in time for the Friday after Thanksgiving, which gives us enough time to pick out potential winners in the stock market.
Thanksgiving Stocks To Be Thankful About
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Traditionally, Black Friday, Super Saturday, and the Thursday before Christmas are the top three highest-grossing days for shopping in the US. While this year promises to stay the same, Black Friday is poised to deliver the best bang.
According to Mastercard SpendingPulse, this year promises to be a record-breaking year for holiday retail sales. The US retails are set to grow 7.4% excluding automotive and gas.
Meanwhile, economists foresee consumers spending 7l6% higher on online shopping this year. In comparison, in-store shopping sees a rebound growth of 6.6%,
5 Thanksgiving Stocks To Bet On Before
With the holidays fast approaching, now would be a good time to place bets on stocks that have the best potential to make it big during the holiday season.
Investing now while they are below the radar can bring higher returns once the shopping commences. Below are the five Thanksgiving stocks worth considering:
Tillys, Inc. is an apparel company that makes a nice living selling its clothing line online. The earnings growth rate for Tillys in 2021 already exceeded 100%. This includes a gain of 27.4% over the past month.
Macy’s, Inc. is making a comeback as retail is slowly reawakening from its COVID-19 slumber. Its three retail brands Macy’s, Bloomingdale, and Bluemercury are thriving in both physical stores and online shops.
Macy’s reach extends to 43 states, the District of Columbia, Guam, and Puerto Rico. Similar to Tillys, Macy’s expected earnings growth for this year is already beyond 100%. Get it while it’s hot.
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Levi Strauss & Co. LEVI
An iconic jeans brand that started in the Old West, Levi’s continues to supply Americans with classic urban country casual wear under its many brands.
This includes Levi’s, Dockers, Signature, and Denizen. Among the many apparel brands, Levi’s expected earnings growth rate for the current year is also more than 100%. In the past 30 days, the company posted a 14.4% growth rate.
The Children’s Place, Inc. (PLCE)
The Children’s Place, like its name implies, specializes in apparel and accessories for the younger set. It carries the brands The Children’s Place, Place, Baby Place, and Gymboree.
For PLCE, expected earnings are also well beyond 100% at this point. During the last 30 days, the company managed to post a growth of 7.9%.
Express, Inc. (EXPR)
Express rounds out the list of the top five Thanksgiving stocks. Another specialty retailer of men’s and women’s clothing is Express.
Its stores also thrive in high-traffic malls and urban centers across the US. Its expected earnings growth rate is currently at 95.9%, with a 56.5% improvement over the last 30 days.
Watch the Yahoo! Finance video reporting that according to Mastercard SpendingPulse, US holiday retail sales are expected to grow 7.4% in 2021:
These are the five Thanksgiving stocks you might want to consider due to their already high earnings growth rate. Do you like any of them enough to invest?
Let us know what you think, share your comments below.