3 Stocks For Jobless Claims (TGT, AZO, M)

Jobless claims are due out in 20 minutes for the week ending December 25. First time initial filers are expected to come in at 418,000, with continuing claims expected to come in around 4.06 million. Any number sharply below these numbers would send equities flying in the year end, as more people return to work and the economic outlook is improving. As more people return to work and spend their incomes, companies like Autozone AZO, Macy's M and Target TGT should see a little boost up, as consumers get their cars fixed and spruce up their wardrobes for their new jobs. Conversely, if the numbers are worse than expected, these stocks could take a hit, as it could mean that less people are working than actually thought and spending less at these stores. Disclosure: long TGT
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Posted In: Long IdeasEconomicsTrading IdeasAutomotive RetailConsumer DiscretionaryDepartment StoresGeneral Merchandise StoresJobless Claims
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