This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Retail Sales Solid...For Now
by Todd BuntonJanuary 15, 2013 | Comments : 5 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Retail sales for the month of December rose +0.5% from the previous month. Excluding autos, sales were up +0.3% month-over-month and +4.1% from December 2011. This was generally in-line with expectations.
It's important to note that monthly retail sales figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.
The chart below from Calculated Risk Blog shows the year-over-year change in retail sales, excluding gasoline, for the last 20 years.
December's report was solid, but I'm more interested to see how January retail sales will stack up. With the expiration of the 2% payroll tax holiday, consumers are seeing smaller paychecks this year. And that will likely provide a headwind for the consumer discretionary sector, in my opinion. We will have to wait and see.
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest. Today, you can see them free.
Please login to Zacks.com or register to post a comment.