This week, traders have all had one eye on the retail sector and company earnings being reported.
Target being the stand-out winner – reporting record numbers in online sales. Their stock, which has already been flying, has now hit a new all-time high.
What does this mean for investors moving forward?
It means that there has been a fundamental shift in the way consumers behave. The majority of spending for the average person is now being done online. It also means that although people have been forced into staying-at-home, they are still spending their money.
Another trend is that people are not just spending their money (earned or subsidiary given) but investing it back into the place they now spend most of their time: i.e. their home.
Home Depot, Lowes and ancillary stocks like Lumber Liquidators Holdings Inc (NYSE:LL) are all making huge moves accordingly…
Watch the full interview to also see which other stocks we are keeping our eye on to rebound BIG in the future.