Dollar Tree and Tiffany riding high on Trump wave
A previous post had mentioned that some of the stocks to benefit from the new administration would be Dollar General (DG), Dollar Tree (DLTR) and Tiffany (TIF).
Less than a month down the line these stocks have gained an average 15% with DLTR leading the pack at 19% and TIF 14% approx.
It would seem a bit strange that both dollar stores and Tiffany would be gaining at the same time. However, both these classes of companies cater to distinct demographics which will see increased demand in the foreseeable future. Demand for luxury items is sure to increase with investment spending and tax cuts. While the middle class base would also continue to rise seeing increased footfalls in Dollar Tree and Dollar General.
Source: NYSE
A previous post had mentioned that some of the stocks to benefit from the new administration would be Dollar General (DG), Dollar Tree (DLTR) and Tiffany (TIF).
Less than a month down the line these stocks have gained an average 15% with DLTR leading the pack at 19% and TIF 14% approx.
It would seem a bit strange that both dollar stores and Tiffany would be gaining at the same time. However, both these classes of companies cater to distinct demographics which will see increased demand in the foreseeable future. Demand for luxury items is sure to increase with investment spending and tax cuts. While the middle class base would also continue to rise seeing increased footfalls in Dollar Tree and Dollar General.
Source: NYSE
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