The new SpendingPulse data is here! The new SpendingPulse data is here!
This morning, the MasterCard business unit devoted to keeping its finger on the pulse of U.S. consumers' spending (or lack thereof) released its latest update on where we are (or aren't) laying our credit cards on the table. Sad to say, the losers this month, include just about everyone:
Is there any way to turn this data to our investing advantage?
Some of these things are not like the others
Clearly, certain sectors of the consumer economy are suffering. Footwear stands out as one Achilles Heel. If you read Under Armour's
But take heart, dear Fool. Online sales remain strong, and thanks to the summer heatwave, SpendingPulse tells us that air conditioning units are selling like, uh, hotcakes. Don't be surprised if that shows up in Home Depot's
Speaking of earnings, it's probably worth emphasizing that SpendingPulse's data this morning concerns July sales trends in particular. Since July is the first month of so many companies' fiscal third quarters, the early trends here could be all the more important to catch. It may be months until we see the actual numbers, sure, but early indications look good for another strong sales quarter at Amazon.com
Nor should we forget how Internet sales get made in the first place. It all starts with somebody logging onto a computer and running a search for what they want. We could see strong results at Microsoft
That's my take on the SpendingPulse data, but what do you think? Share your thoughts in the comments box below.
Home Depot, Lowe's, and Microsoft are Motley Fool Inside Value choices. Google and Under Armour are Motley Fool Rule Breakers recommendations. Amazon.com is a Motley Fool Stock Advisor pick. Under Armour is a Motley Fool Hidden Gems recommendation. Motley Fool Options has recommended writing puts on Lowe's Companies. Motley Fool Options has recommended a diagonal call position on Microsoft. The Fool owns shares of Under Armour.