Seeking Alpha – Which Industries are Benefitting from High Consumer Confidence?

Summary

  • The tobacco sell-off could’ve been avoided.
  • 2 of the 11 industries analyzed show strong momentum.
  • Stock trends are moving in the wrong direction.

Improving household finances helped lift the Bloomberg US Consumer Comfort Index to a 17-year high last week. With tobacco companies clearly being left on the sideline, we want to look at how the other US consumer-facing industries are doing. This information comes from Trendrating’s trend capture model.

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