AMD Stock – With Vaccines and Relief Checks on Tap, Consumers Want to Shop. Here’s What They’re Thinking.
The check is in the mail or on the wire—not just relief payments, but enhanced child tax credits. The cash arrives as pent-up demand, an accelerating vaccine rollout, and spring weather feed the urge to shop. Top shopping destinations, writes J.P. Morgan’s Matthew Boss, are specialty apparel stores, discounters, and casual-clothing makers.
Specialty apparel makers, such as
’ Victoria’s Secret, are standouts in Boss’ survey of where consumers are likely to spend their money postpandemic. The most cited brand: Victoria’s Secret. The most cited buy, at 58%: jeans; denim is a big seller for Old Navy, American Eagle, and
Close behind was athletic footwear, at 54%, and athletic apparel, at 51%, good news for
which have little-to-no online presence. Boss points to an increase in women’s apparel and Easter items at these retailers, along with the ongoing focus on home and athletic categories. “Apparel specific, the off-pricers ranked as the clear No. 1 priority for increased apparel spending postpandemic at 54% of consumers surveyed, doubling department stores at 27% [and] pointing to pent-up demand [and] continued sector market-share opportunity on tap,” he writes.
Beyond apparel, discount and dollar stores, including
“ranked as the top destination for discretionary spend postpandemic,” followed by restaurants. You gotta eat.
Many stock exchanges across the globe, including those in Germany and the United Kingdom, are closed in observance of Easter.
The International Monetary Fund and World Bank Group hold their 2021 spring meetings, virtually. The event will run through Sunday, April 11.
The Institute for Supply Management releases its Services Purchasing Managers’ Index for March. Economists forecast a 58.5 reading, higher than February’s 55.3.
reports quarterly results.
hosts a virtual investor meeting. Company leadership, including CEO Gary Dickerson, will discuss its technology road map and financial targets, among other topics.
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for February. Consensus estimate is for 6.9 million job openings on the last business day of February, close to the January data.
Lamb Weston Holdings
The Federal Open Market Committee releases the minutes from its mid-March monetary-policy meeting.
reports sales data for March.
formerly known as CenturyLink, holds an analyst day. Lumen’s President and CEO Jeff Storey, among others, will discuss strategies to grow the company.
Advanced Micro Devices
hold special shareholder meetings to seek approval for their proposed merger, first announced in October. AMD has agreed to buy Xilinx in an all-stock transaction valued at about $35 billion.
The Federal Reserve reports consumer credit data for February. Total outstanding consumer credit stands at $4.18 trillion, slightly lower than the all-time peak of $4.21 trillion set in February of last year. In 2020, consumer credit remained essentially unchanged, the first year that it didn’t expand since 2008.
Federal Reserve Chairman Jerome Powell and International Monetary Fund Managing Director Kristalina Georgieva discuss the global economy at the 2021 spring meetings of the IMF and World Bank Group.
report quarterly results.
The Department of Labor reports initial jobless claims for the week ending on April 3. The four-week moving average of jobless claims this past week was 719,000, the lowest since March of last year.
The BLS reports the producer price index for March. Expectations are for a 0.5% month-over-month rise, matching the February increase.
Write to Teresa Rivas at [email protected]