The personal consumption expenditure (PCE) rose 11.3% in the first quarter of 2021. That’s what the gross domestic product’s (GDP) second estimate is telling us at least…
This comes after a 2.3% increase for the fourth quarter of 2020, by the way.
So it’s only natural for my readers to want to get in on the action, and I know the best large-cap retail stocks out there!
For those of you who might need a little refresher, the PCE measures a household’s expenditures — or consumer spending — for a certain period of time. And starting in 2021, it became the Federal Reserve’s main method to gauge inflation.
And the Bureau of Economic Analysis reports consumer spending at an annualized rate so it can then compare numbers with the GDP.
The GDP showed a 6.4% increase in the first quarter of 2021, according to forecasts. The actual GDP number will be released later this week, and will more than likely confirm that these numbers are in fact correct.
So from where I’m sitting, it looks like consumer sales are only going to get better…
Which means traders and investors have multiple chances to score big gains with the best large-cap retail stocks I’m giving away today.
It shouldn’t be any surprise that Costco Wholesale Corp. (Nasdaq: COST) is one of the best large-cap retail stocks on my list.
I’m willing to bet most of you know what Costco is. But for those of you who don’t, it’s a membership-only warehouse that sells name-brand merchandise in bulk at wholesale prices, which are lower than they’re usually found at other retail locations.
And I get excited just thinking about this company…
I mean, it’s expanded revenue and cash from operations by more than 35% in the past four years alone!
So check out my short video below to hear more about COST, and to get the name of the next best large-cap retail stock I’m targeting. And feel free to share your thoughts about both tickers or any other ones you like or dislike in the comments section.
Don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
P.S. I just found out that Joy of the Trade Head Trader Jeff Zananiri just saw another triple-digit gain…
He’s been using an “insider” shortcut he found back when he was a big “Wall Street Hotshot.”
This strategy takes advantage of a hidden relationship between stocks that very few outsiders — if any — know about…
That’s why I convinced Jeff to prove to us that it works!
I bet Jeff $10,000 that my single stock trade could make more money than his breakthrough can… and of course, he took the bet!
So Thursday at 1 p.m. EDT, he’s showing everyday traders exactly how his “insider” shortcut works.