Consumers Shifting from 'Want' to 'Need' Purchases
During Burt Flickinger's latest appearance on MORNINGS with MARIA - link: https://video.foxbusiness.com/v/6254199777001#sp=show-clips - I discussed today's U.S. Dept. of Commerce Monthly Retail Sales report with continuing gains for Food Retail (as Restaurants' pricing becomes unaffordable) & Lowe's, led by great Ellison team leadership, & PETS/PAWZ, led by record rescue Pet adoptions. As Consumers buy for "need" (more than "want") Retail Sales are accelerating for Home (Lowe's/LOW, TSCO) & Essential Items, as consumers start to shun record-high prices for Cars, Trucks & SUVs, in part because of the smart-chip shortage. Also my Flick's Picks for retail stocks: Lowe's/LOW, PAWZ, TSCO/Tractor Supply & ELY/Callaway, and predictions for a second-half economic retail boom.