“When gas prices are, year-over-year flat or declining, as they are now, that’s good news. We save the customer more and we make more,” Costco (NasdaqGS: COST) chief financial officer said in the article.
CNBC’s Jim Cramer also argues that retailers like Macy’s (NYSE: M), Nordstrom (NYSE: JWN) and Wal-Mart (NYSE: WMT) could all benefit from a big tailwind from cheaper gasoline prices, reports Abigail Stevenson for CNBC.
“Let these run. They used to be tremendous growth vehicles for years and then for the longest time only Costco and Home Depot seemed to go higher. Because of gasoline, everyone is now joining the party,” Cramer said.
XRT equally weights its holdings and includes a 1.1% tilt toward COST, 1.1% in M, 1.1% in JWN and 1.1% in WMT.
Consumer Discretionary Select Sector SPDR
For more information on the consumer sector, visit our consumer discretionary category.
Max Chen contributed to this article.