2 top US retail stocks to buy after today's inflation data
Portfolio Pulse from
US consumer prices rose by 0.3% in November, increasing the annual inflation rate to 2.7%. This rise in inflation could negatively impact consumer spending and retail sales.
December 11, 2024 | 5:45 pm
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Ollie's Bargain Outlet Holdings, Inc. (OLLI) may face challenges due to increased inflation, which could impact consumer spending and retail sales.
The increase in inflation to 2.7% could lead to reduced consumer spending, which is likely to negatively impact retail sales. As a retail company, OLLI may experience decreased sales and revenue, leading to potential short-term stock price declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80