The personal consumption expenditure (PCE) rose 11.3% in the first quarter of 2021. That’s what the gross domestic product’s (GDP) second estimate is telling us at least…
This comes after a 2.3% increase for the fourth quarter of 2020, by the way.
So it’s only natural for my readers to want to get in on the action, and I know the best large-cap retail stocks out there!
For those of you who might need a little refresher, the PCE measures a household’s expenditures — or consumer spending — for a certain period of time. And starting in 2021, it became the Federal Reserve’s main method to gauge inflation.
And the Bureau of Economic Analysis reports consumer spending at an annualized rate so it can then compare numbers with the GDP.
The GDP showed a 6.4% increase in the first quarter of 2021, according to forecasts. The actual GDP number will be released later this week, and will more than likely confirm that these numbers are in fact correct.
So from where I’m sitting, it looks like consumer sales are only going to get better…
Which means traders and investors have multiple chances to score big gains with the best large-cap retail stocks I’m giving away today.
The Best Large-Cap Retail Stocks to Trade
It shouldn’t be any surprise that Costco Wholesale Corp. (Nasdaq: COST) is one of the best large-cap retail stocks on WealthPress Senior Strategist Roger Scott’s list.
We’re willing to bet most of you know what Costco is. But for those of you who don’t, it’s a membership-only warehouse that sells name-brand merchandise in bulk at wholesale prices, which are lower than they’re usually found at other retail locations.
And Roger gets excited just thinking about this company…
It’s expanded revenue and cash from operations by more than 35% in the past four years alone!
So check out Roger’s short video below to hear more about COST, and to get the name of the next best large-cap retail stock he’s targeting. And feel free to share your thoughts about both tickers or any other ones you like or dislike in the comments section.
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