Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.
July 16, 2024 | 6:38 pm
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POSITIVE IMPACT
Airbnb shares are likely to benefit from the rise in June retail sales, reflecting strong consumer spending.
Increased consumer spending generally boosts travel and accommodation bookings, positively impacting Airbnb's revenue.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Carnival Corporation shares are likely to benefit from the rise in June retail sales, reflecting strong consumer spending.
Increased consumer spending can lead to higher demand for leisure and travel, benefiting Carnival Corporation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Expedia Group shares are likely to benefit from the rise in June retail sales, reflecting strong consumer spending.
Increased consumer spending generally boosts travel bookings, positively impacting Expedia Group's revenue.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Marriott International shares are likely to benefit from the rise in June retail sales, reflecting strong consumer spending.
Higher retail sales suggest increased consumer spending, which can lead to higher bookings for Marriott International.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Starbucks shares are likely to benefit from the rise in June retail sales, reflecting strong consumer spending.
Higher retail sales suggest increased consumer spending, which can lead to higher sales for Starbucks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50