Indeed, an employee helps a customer replace a license plate bulb outside of an AutoZone store in Princeton, Illinois.
Daniel Acker | Bloomberg | Getty Images
With President Joe Biden expected to sign a Covid-19 stimulus bill this week, Wall Street analysts see certain retail stocks getting a boost from consumers spending the $ 1,400 payments.
Brokers big and small have focused their research on how U.S. consumers have spent their past incentive checks for hints on how they’re likely to use the new round of payments.
Jefferies analyst Janine Stichter is advising investors to buy clothing retailer American Eagle Outfitters, a stock she sees rising 12% to $ 32 from Friday’s close just north of $ 28 a share.