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1 week Analyst: Holiday shopping will be ‘very, very good’ despite coronavirus, stimulus headwinds Reddit

And on top of that, the pandemic has changed consumer preferences. While people are no longer dropping significant amounts of money on clothing, they are fixing up and decorating their home, or buying Apple’s new iPhone 12 models and other electronics.

“They’re going to keep spending at Target (TGT) and Walmart (WMT) and Costco (COST), where they can get everything in one place.. and they’re going to spend a lot,” Storch told Yahoo Finance.

This is a good news for stocks amzn, tgt, cost and wmt, as cost and tgt keep making 52 week high. Obviously people shopping habits have changed and now they prefer these shopping destinations. For the next 2 months until Christmas, investors should expect them continue to outperforms other retailers.

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