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Stephanie Link: U.S. consumer spending remains strong driven by retail and e-commerce gains

Stephanie Link: U.S. consumer spending remains strong driven by retail and e-commerce gains
Consumer shows retail and e-commerce growth

Stephanie Link, managing director and portfolio manager at Hightower Advisors, highlights that consumer spending remains robust despite skepticism. She points to strong performance from the top six largest banks and recent retail sales data, with notable results from Costco, including EPS up 15%, comparable store sales up 7%, total revenue up 11%, and e-commerce sales up 20%.

Link has recently noted continued strong data center investment from Microsoft and its peers, with positive effects for related sectors, in a previous report. She also highlighted strong earnings from NVDA, CRM, and MRVL alongside robust U.S. economic data in an earlier update. These observations come as she emphasizes the resilience of consumer and business activity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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