Earnings from retailers have given a clue as to where consumers are spending their money. Out are pandemic favorites like high-end furniture, and in are restaurants and entertainment where there's lots of pent-up demand.
*Stock prices used were the closing prices of Aug. 17, 2022. The video was published on Aug. 18, 2022.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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Retailers aren't spending less than they were a year ago, but spending has shifted as we've come out of the pandemic.
