- Analysts with Guggenheim Partners try to put a number on the benefit to consumer spending of sustained lower gas prices
- The investment firm thinks $6B will be freed up for consumers in December and a total of $20B-$25B for the November to February period.
- Guggenheim identifies Rite Aid (NYSE:RAD) and Five Below (NASDAQ:FIVE) as two companies which could see momentum pick up beyond expectations due to the spending lift.
- Some huge retail names such as General Motors (NYSE:GM), Wal-Mart (NYSE:WMT), and Target (NYSE:TGT) had a banner day to end the week on enthusiasm over consumer spending trends.
- More on the retail sector's big day: 1) Black Friday read: Demand strong for beauty supplies and toys, 2) Amazon, eBay higher following Thanksgiving sales data, 3) Wal-Mart prints all-time high, 4) Retail ETFs catch a break.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK.