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Thursday, April 23, 2015 11:26:38 PM
Consumer Stocks Earnings Beat Strengthening US Consumer.
Amazon, Coca-Cola, Dunkin Brands, Domino’s Pizza, Dr Pepper Snapple Group, all beat estimates over the last few days and restaurant companies are reporting good earnings as well.
We may finally be seeing the effects of low interest rates, falling unemployment, and lower gasoline prices on U.S. consumption.
Boris Schlossberg of BK Asset Management said his firm is watching the consumer progression chart which goes from restaurants, to housing. I created this infographic based on Boris' comments today on CNBC's Trading Nation:
Source: Earnings Season Update: US Consumers Are Coming Back
Amazon, Coca-Cola, Dunkin Brands, Domino’s Pizza, Dr Pepper Snapple Group, all beat estimates over the last few days and restaurant companies are reporting good earnings as well.
We may finally be seeing the effects of low interest rates, falling unemployment, and lower gasoline prices on U.S. consumption.
Boris Schlossberg of BK Asset Management said his firm is watching the consumer progression chart which goes from restaurants, to housing. I created this infographic based on Boris' comments today on CNBC's Trading Nation:
Source: Earnings Season Update: US Consumers Are Coming Back
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