Our Outlook for Consumer Stocks
Consumers' confidence hasn't reached their wallets yet.
As we remarked in our second-quarter outlook for consumer stocks, consumer confidence is a "nice-to-have" and income is a "need-to-have" for a sustainable economic recovery. According to the Conference Board, consumer expectations have improved markedly, but those same consumers believe present conditions are bouncing along the bottom.
Joel Bloomer does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.