4 Stocks Benefiting from Strong Consumer Spending

Massive fiscal stimulus spending and an improving job market on the back of a national COVID-19 vaccination program have been driving growth in consumer spending in the U.S. And since retail sales are by far the main driver of the U.S. economy—accounting for about one-third of consumer spending—the retail sector is expected to grow significantly going forward on rising consumer spending. So, we think leading players in this space—Walmart (WMT), Target (TGT), Albertsons (ACI), and Macy’s (M)—are uniquely positioned to benefit, and as such are worth more than a second look by investors. Read on.