Published on 26 Apr 2024 on Insider Monkey via Yahoo Finance
11 Best Retail Dividend Stocks to Buy
In this article, we will take a detailed look at the 11 Best Retail Dividend Stocks to Buy. If you want to skip our detailed analysis of the retail industry and see the top 5 stocks in this list, click 5 Best Retail Dividend Stocks to Buy.
Investors are slowly beginning to give up on hopes of seeing any rate cuts this year, as inflation remains stick and jobs data strong. Consumer and retail stocks are highly sensitive to interest rates as state of the consumer defines the trajectory of profits of retail companies. In the last quarter of 2023 through early 2024, retail stocks were rising as investors were confident that the Fed would begin cutting rates. The SPDR S&P Retail ETF (NYSEARCA:XRT) gained over 30% since October through the end of March. But amid declining market sentiment, the ETF is down 4.5 over the past one month. Earlier this month, a Bloomberg report said, citing brokerage data from Goldman Sachs Group Inc., that hedge funds were growing bearish on US stocks, especially consumer companies, as data shows they were cutting long positions and shorting retail ETFs.
"Resilience of Consumption"