This post was originally published on this site
With declining jobless claims each week and rising consumer spending ahead of the holiday season, the retail industry is expected to continue registering sales growth in the coming months. Indeed, the National Retail Federation (NRF) forecasts holiday retail sales to rise between 8.5% -10.5% during November and December.
Considering the fundamental strength of prominent retail companies Best Buy Co., Inc. (NYSE:BBY), The Kroger Company (KR), Casey’s General Stores, Inc. (CASY), and PriceSmart, Inc. (PSMT), we think their stocks look undervalued at their current price levels. Therefore, these stocks could be solid bets to capitalize on the holiday-season sales growth.
