Consumer Cyclical: Confidence, Demographics Support Consumption Gains
E-commerce market share gains present challenges for some, but trends continue to support healthy profitability for many companies.
E-commerce market share gains present challenges for some, but trends continue to support healthy profitability for many companies.
Consumer cyclical sector valuations remain a touch overheated, with a weighted average price/fair value ratio of 1.04, compared with last quarter's 1.03. We attribute this to historically high consumer and corporate confidence figures, implying consumers' willingness to spend remains robust.
Dan Wasiolek has a position in the following securities mentioned above: AMZN, TJX, NCLH. Find out about Morningstar’s editorial policies.