U.S. Consumers Show Resilience Despite Headwinds, Supporting Bullish Outlook for Select Retailers
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The US consumer has shown surprising resilience despite economic headwinds like student loan repayments and reduced SNAP benefits.
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Tailwinds like lower gas prices and cost-of-living adjustments for seniors are supporting consumer spending power.
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Analysts are bullish on consumer stocks like Lululemon, Abercrombie & Fitch, and Costco due to market share gains.
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The December jobs report showed continued labor market strength with 216,000 jobs added.
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Investors should look for opportunities to invest in resilient consumer names that are gaining market share.