Strong U.S. retail sales support Casey’s shares
Retail sales are described as strong despite inflation, cited as a positive for Casey's General Stores; the stock is noted up 7% since the prior update versus a 1.6% decline in the State Street SPDR S&P Retail ETF.
The latest retail sales data indicate American consumers are still coping with inflation, which is another positive sign for Casey's General Stores, a Barron's stock pick. 6%.