These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says

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Consumer retail, apparel and food and beverage companies are well positioned ahead of the holiday weekend, according to Bank of America, as the U.S. continues to recover from the Covid-19 pandemic and consumers are expected to return to social gatherings and events around the holiday.

“As the U.S. heads into the long weekend for Memorial Day with COVID-19 case counts that are near 1-year lows, we expect some return to more ‘normal’ consumer behavior around the holiday weekend, including social gatherings (barbecues, pool parties), and road trips,” the note to clients Friday said.

B of A highlighted several buy-rated stocks that are poised to benefit from summer activities. Home improvement and housing-related spending, furniture and home goods and gas station sales have all continued to climb in recent weeks, tracking above 2019 levels, it showed.

 

– CNBC

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