Consumer-driven stocks are leading the market rebound

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Consumer-driven stocks are leading the market rebound

Excerpt from Axios quoting DataTrek’s Nick Colas:

…. “What’s happening: As Nicholas Colas, co-founder of research firm DataTrek, points out, many of this year’s best performing stocks are “simply the names that got really clobbered” in December’s sell-off.

  • Xerox, Hanesbrands and Mattel all fell more than 20% during December.
  • Chipotle and Coty were less beat up — dropping by around 10% each”….

Read the full article here on Axios!