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Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
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Consumer spending hasn't collapsed due to high inflation, though pressure is building. The resilience of consumer spending might be the biggest surprise in markets in the past year. To that point, $44 billion AutoZone (AZO) indicated it hasn't seen consumer behavior change and has maintained its margins by passing on costs. 4 retail stocks to buy nowIf there's a consensus among the companies that attended UBS' conference, it's that although consumer spending has held up for now, pressure from inflation is steadily mounting. Those are listed below, along with each company's ticker and market capitalization, as well as selected insights their management teams provided at UBS' retail conference.
While no final decisions have been reached, Wednesday's announcement resonated with investors who have been frustrated by Monro's sagging share price and the tight grip of the company's controlling investor, investment banker Peter Solomon. The company is currently valued at $1.5 billion and its stock price has tumbled 22% since January. Solomon, 84, is able to overrule votes from all other shareholders because he owns all of Monro's outstanding Class C Preferred shares. Pressure has been building on Monro since investment firm Ides Capital began pushing for changes two years ago. More recently, Ides called for a strategic review committee to be formed to explore alternatives for the company.
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