2 Stocks Every Consumer Must Watch This Week
The stock market fell sharply at the end of last week, as investors were surprised by the speed with which multiple banks shut their doors. Declines in major market indexes reflected fears that problems could spread, eventually hurting consumer confidence and potentially causing the recession that so many policymakers have sought to avoid. Stock market index futures were up to start the new week, suggesting a rebound, but you can bet that investors will watch carefully for signs of any further troubles.
Two financial reports due out later this week could have a lot to say about the strength of the consumer economy. FedEx (NYSE: FDX) doesn't serve many consumers directly, but so much of its business comes from businesses shipping goods to their customers that many market participants see the shipping giant's report as a proxy for general consumer economic activity. Meanwhile, Dollar General (NYSE: DG) will also report its latest financial results, and that could show whether consumers are trading down to conserve cash and take advantage of the bargains that dollar-store retailers offer.
Image source: FedEx.
Source Fool.com
