Wrapping up Q1 earnings, we look at the numbers and key takeaways for the non-discretionary retail stocks, including Sprouts (NASDAQ:SFM) and its peers.
The past six months have been a windfall for Dollar Tree’s shareholders. The company’s stock price has jumped 57.3%, hitting $114 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Each stock in this article is trading near its 52-week high.
These elevated prices usually indicate some degree of investor confidence, business improvements, or favorable market conditions.
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Shares of discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR)
jumped 3% in the pre-market session after the company received bullish updates from Wall Street analysts at Barclays and JPMorgan.
Exciting developments are taking place for the stocks in this article.
They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns.
Goldman Sachs says subprime consumers are stronger than expected, with falling delinquencies and steady spending. Eight stocks could benefit from this unexpected resilience.
