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To all:
It all seems to be coming together. The bright tone of the national economy has helped retail sales, kept inflation down and put a lid on unemployment.
And now, consumers are committing themselves to more robust buying through the next six months. Now, the April existing home sales rate is at the second-highest level after the prior month which had held that record. And now, too, the credit-buying rate has firmed up and, incredibly, showed a lower rate of delinquencies.
All of which indicates a new, incremental pickup in an already much- improved consumer economy. Things look particularly good for the home- improvement retailers -- Home Depot (NYSE: HD) and Lowe's (NYSE: LOW), among others -- and for the electronics retailers -- Circuit City (NYSE: CC), Best Buy (NYSE: BBY) and Tandy (NYSE: TAN) and for the full-type of department stores, like Sears (NYSE: S), Federated (NYSE: FD) and May (NYSE: MA).
quicken.com
Good investing!
Chuck |
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