Judging a company by its stock price can often lead investors astray. Sometimes a single bad event can drag down a stock's price while leaving its long-term growth potential fully intact. It's these types of opportunities that value investors love to pounce on.
As we head into the holiday season, investor sentiment is mixed when it comes to how consumers will spend. On the positive side, US GDP growth for the 3rd quarter was revised higher to 2.1% while unemployment fell to just 5%. However, consumer spending inched just 0.1% higher in October – less than expected.
Sales expectations for the holiday season appear to be optimistic. FedEx released an estimate earlier this week that it is on track to handle over 317 million packages between Black Friday and Christmas – record numbers and an increase of 12.4% from last year. Online sales are also expected to rise this year between 6% and 8% according to a recent National Retail Federation (NRF) survey. Continue reading "Give Your Portfolio A Holiday Treat With This Value Stock"
