More lower paying jobs than in the past with higher taxes, more expensive energy and food health care and school leaves less money for anything else.
From Crush the Street, by Joshua Enomoto
Amid the noise of the U.S. financial markets, one sector is quietly falling behind. So-called “one dollar” discount retailers, or dollar stores, have been conspicuous laggards in the current equities cycle. In fact, dollar stores enjoyed only a temporary respite from the “Trump rally.” Now, it seems as if they’re struggling to stay afloat.
Two of the most popular dollar stores — Dollar Tree, Inc. (NASDAQ:DLTR) and Dollar General Corp. (NYSE:DG) — are both underwater in terms of year-to-date performances. DLTR stock is the least affected between the two, down nearly 2%, whereas DG stock has shed a more disconcerting 7% in the markets. Both suffered severe choppiness and volatility in 2016, and the situation does not seem very promising for the rest of 2017.
On the surface level, the bearishness towards discount retailers might be thought of as bullish…
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