Walmart, Target, Amazon, Wingstop and Nike are some of the names that will benefit when consumers start receiving Child Tax Credit funds this Thursday, according to Cowen.
Read: Monthly payments of up to $300 per child are starting for most families — and could keep coming for years Walmart Inc. WMT, +0.69% and Target Corp. TGT, +0.75% stand to benefit due to their grocery offerings, as well as the diverse merchandise categories that they sell in. Walmart’s price gaps should give the company a leg up as customers become more price sensitive about their grocery budgets.
And: A ‘robust’ U.S. economy is strengthening, Fed’s Beige Book finds, but it’s also grappling with big shortages and higher inflation The shift to online shopping means Amazon.com Inc. AMZN, +0.12% made gains, with many of those eligible for the Child Tax Credit heading to the e-commerce giant for items like toys, clothing, food and sporting goods.
And with back-to-school shopping and the holiday season still to come, off-price retailers like Burlington Stores Inc. BURL, +0.35% and athletic names like Nike Inc. NKE, -0.03% and Dick’s Sporting Goods Inc. DKS, +1.23% are favored by Cowen analysts.
It’s sad that the only thing propping up our phony economy anymore, is stimulus(tax breaks are just stimulus in disguise). All tax revenue is absorbed to pay the interest on the federal debt, before one nickel is spent on any of the services that taxpayers expect from the gov’t.
More like Etsy, and privately owned business
Wingstop an Nike? Really guys..?
thanks
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