Holiday Shopping With The Gurus

Many investors have been bearish on retail-related stocks, particularly after a mediocre start to the holiday shopping season. But Validea CEO John Reese says not to ignore what he thinks is a very attractive industry. “Wall Street always puts too much emphasis on short-term results, and analysts and the media have continually underestimated the American consumer throughout the recovery,” Reese writes in his latest column. “The reaction to the early results from this holiday… Read More

Consumers Show Resilience, and the Gurus Reap the Benefits

Throughout the Great Recession and the ensuing turnaround that began in mid-2009, many analysts and pundits have said not to expect the economy to get much help from the U.S. consumer. Hamstrung by debt and at the mercy of a weak job market, Americans are going to save more and spend less, the theory goes. And weak consumer spending — which makes up about 70% of the U.S. economy — will mean weak overall growth… Read More